Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Revere proposes 9.7% water and sewer rate increase to restore enterprise fund sustainability
Summary
CFO Rich Vasquez told the subcommittee the city proposes a 9.7% increase to water and sewer rates for FY2026 to stop relying on one-time funds used over the past three years and to cover operating and debt costs in the enterprise fund.
Revere City's administration proposed a 9.7% increase in water and sewer rates for fiscal year 2026 during the Ways and Means Subcommittee hearing on June 5, saying the change is needed to cover the enterprise fund's operating costs without continued use of one-time revenue.
Chief Financial Officer Rich Vasquez told the committee the water and sewer enterprise has relied on one-time sources — including roughly $2.5 million in prior ARPA support and other reserves — to stabilize rates in recent years. "For fiscal year 2026, it's proposed that the city increase its water and sewer rates…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
