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Snoqualmie council directs staff to draft ordinance using aggressive rate‑reduction model
Summary
After lengthy discussion of three models, the council asked staff to prepare an ordinance using an "aggressive rate reduction" scenario that lowers near‑term rate increases by increasing borrowing and deferring lower‑priority projects; council members noted tradeoffs including higher debt and lower sewer coverage ratios.
The Snoqualmie City Council on Feb. 24, 2025, directed staff to prepare an ordinance based on an "aggressive rate reduction" scenario for the city’s utility rate study, after reviewing three models that vary borrowing, capital timing and debt coverage assumptions.
City CIP manager Dylan Gamble and consultant Sergei (FCS Group) presented three options: the ordinance baseline, a reduced coverage scenario, and the aggressive rate‑reduction option. The aggressive option defers roughly $4 million of moderate/low‑priority projects, increases new borrowing to about $41 million and extends sewer loan amortization to 30 years to smooth near‑term rate impacts.
Gamble summarized the presentation and turned the technical details to Sergei, who provided the model comparisons. Under the aggressive…
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