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Village consultants recommend final 10% water and sewer rate increase in 2026 to fund $92 million CIP
Summary
Consultants from Raftelus told the Village of Wellington council that continuing the multi‑year rate program with a final 10% adjustment in fiscal 2026 and pursuing low‑cost SRF loans will fund a $92 million six‑year capital improvement plan, including an $11 million meter replacement project.
Consultants from Raftelus told the Village of Wellington council during a workshop that the village should implement the final 10% water and sewer rate increase in fiscal year 2026 and then return to annual indexing to fund a six‑year $92,000,000 capital improvement program.
The recommendation came as Joe Williams, a Raftelus consultant, and Michael Noga, a Raftelus consultant, presented a revenue sufficiency forecast and capital funding plan. “We do recommend doing the final 10% rate adjustment,” Williams said, adding that the dotted blue forecast line—which assumes the final 10% in 2026 and then reversion to indexing—provides sufficient revenue to fund operating costs, existing and proposed debt service, and the pay‑as‑you‑go portion of the capital plan.
Why it matters: The village is planning about $12–$15 million per year in capital spending, with major projects including meter…
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