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City staff outline water, sanitary and storm budgets and projected rate steps through 2028
Summary
Finance and utility staff reviewed water, sanitary and storm utility financials, forecasting a 3% simplified water rate increase in 2026 and 2027 and a larger conventional increase in 2028 to address capital needs; sanitary and stormwater projections vary with Schumacher Creek and MMSD variables.
City finance and utility staff presented the water, sanitary and storm utility budgets and multi‑year rate projections to the Financial Affairs Committee as part of the 2026 budget review.
For the water utility, staff said the utility will propose a simplified 3% rate increase in 2026 (and again in 2027) and planned a conventional rate case in 2028 driven by capital needs. Staff described cash balances declining in the near term because of planned major maintenance (notably water tower painting) and said simplified annual increases in 2026–2029 are intended to rebuild reserves. Staff said total pumpage has stabilized…
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