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Council schedules utility-rate study as part of long-term financial plan; preliminary levy set at 6%
Summary
Councilors approved an Ehlers utility-rate study and adopted a 6% preliminary levy to support the city's long-term financial management plan, with staff to produce resident-facing communications about the plan and impacts.
The Mound City Council on Sept. 23 authorized a consultant-led utility rate study and set a preliminary 2026 levy increase at 6 percent as part of a multiyear financial-management plan to return utility and capital funds to healthy balances.
Kyle Sawyer of Ehlers described a two-phase proposal: an immediate cash-flow update to confirm rates for 2026 and a deeper 2027 analysis that would examine funding scenarios for a potential water treatment plant and the effects of billing changes such as moving from quarterly to monthly statements. Sawyer said the firm would also review funds with property-tax impacts and provide scenarios for franchise-fee or other property-tax…
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