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Treasurer reports utility rate increases, sinkhole expense and higher pavilion rental revenues ahead of FY26 budget introduction
Summary
Treasurer Jennifer Lipsi told the council that BGE rate increases were expected to raise the town's utility costs (natural gas up ~9%, electric ~7%), the town recorded a $3,000 sinkhole expense, and pavilion rental revenues rose to about $10,000 annually; the FY26 budget introduction was scheduled for the next meeting.
Treasurer Jennifer Lipsi presented the town's March financial update at the April 14 meeting and highlighted several items the council should anticipate as the FY26 budget is prepared.
Lipsi said Baltimore Gas & Electric (BGE) rate increases will likely push utilities above budget. She said natural-gas costs have risen by about 9 percent and electricity costs by about 7 percent, and the town is likely to exceed its utility…
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