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Staff proposes utility rate changes and internal fund‑balance targets for Central and Northern Nash districts
Summary
Public‑utility staff recommended a package of water and sewer rate increases (staff recommendation: option 2) to close FY26 shortfalls and proposed an internal fund‑balance target (about $1.92M for Central Nash and $635K for Northern Nash) to build reserves over 3–5 years; board discussion focused on distributional impacts and timing.
Public‑utility staff presented the FY26 Central Nash and Northern Nash water and sewer budgets and recommended a set of rate adjustments to cover a projected operating deficit and to help build internal reserves.
Mike Phillips said Central Nash faces a larger shortfall driven primarily by sewer costs and an increase in wholesale purchase rates from Rocky Mount and Nashville; his recommended package (staff option 2) would raise water base…
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