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Consultants say Westminster sewer fund under-recovering; present rate-restructuring options
Summary
Consultants from Rattellus told Westminster City Council a detailed wastewater financial plan shows the sewer fund is not covering full costs and offered rate-design options including a one-time large increase or a five-year 7.2% annual path; council directed staff to fold the consultant rate design into the proposed budget.
Consultants from Rattellus told the Westminster City Council on May 13 that the city's sewer fund is not recovering its full costs and presented alternative rate pathways to remedy a forecast shortfall.
The firm's representatives said the sewer fund currently collects roughly $970,000 in revenues but must also contribute roughly $200,000 toward shared administrative costs and its share of debt service. "If we wanted to be in a good spot on our debt service coverage, and we wanted to cover all of these costs right out of the gate, we would have to raise rates by 27 and a half percent in 2026 and then 5% in '27," Rattellus consultant Will said during the presentation.…
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