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Committee backs ‘aggressive’ rate-reduction scenario for council review in utility rate study
Summary
Consultants presented three utility rate scenarios. The committee asked staff to bring the aggressive (max-debt) scenario to the council and requested a draft ordinance based on that option for further review.
The Snoqualmie Parks and Public Works Committee on Feb. 19 reviewed three utility rate scenarios and directed staff to present the aggressive rate-reduction (max-debt) option to the full council and prepare a draft ordinance based on that scenario.
Paul Quinn of FCS, the city’s rate-study consultant, presented three scenarios: the ordinance scenario (previously discussed), a reduced debt-coverage scenario, and a new aggressive rate-reduction scenario that maximizes near-term borrowing. Quinn said the aggressive scenario identifies about $4 million of near-term capital projects that could be deferred one to two years and increases total proposed debt proceeds through 2030 to…
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