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Snoqualmie staff propose ‘maximum‑debt’ CIP scenario; committee asks for rate design next meeting
Summary
Public Works Committee reviewed the city’s utility capital improvement plan and utility rate scenarios, including a staff‑recommended “maximum‑debt” approach to smooth a 2025 rate spike; the committee asked staff to present a rate design for that scenario to the next committee meeting and then to council.
City staff and advisors presented the utility capital improvement program (CIP) and utility rate study to the Public Works Committee, laying out project priorities across water, wastewater and stormwater and offering three scenarios for rate design. The committee directed staff to develop a rate design based on a staff‑recommended “maximum‑debt” scenario that would borrow more now to smooth near‑term rate spikes.
Dylan (project manager/presenter) walked the committee through the CIP spreadsheet and an 11x17 summary sheet that color‑coded projects by utility and criticality. Dylan described three scenarios: an “ordinance” scenario embedded in the prior rate ordinance, a “coverage” scenario focused on debt‑coverage ratios, and a “maximum‑debt” scenario that delays or reduces some capital projects, increases debt borrowing in the near term and smooths the rate increases expected in 2025.
The…
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