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Fayetteville utility warns $80.6 million in federal grants frozen, annexation costs balloon; council receives annual report
Summary
Fayetteville Public Works Commission told the City Council it faces frozen federal grants and rising annexation costs that could force rate increases if funding is lost; council voted to receive the annual report.
Fayetteville Public Works Commission Chairman Chris Davis told the Fayetteville City Council on March 13 that $80,600,000 in awarded grants and low-interest loans for electric, water and wastewater projects are currently frozen by federal funding reviews, and that if that funding is lost the utility’s “only option is to look at rates.”
The utility also reported that Phase 5 of its annexation project — originally estimated at about $240 million — now has projected costs over $400 million, and the commission estimated another $183 million would be required over the next 10 years to complete remaining work. The PWC presentation listed major projects affected by the federal…
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