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Queen Creek council approves notice to set May 7 public hearing on proposed 15% water rate increase
Summary
Deputy Town Manager and CFO Scott McCarty told council the proposed 15% increase would stabilize the water fund, support an $85 million loan restructuring and preserve debt coverage while a comprehensive rate study proceeds. Council voted unanimously to publish the notice of intent and set the public hearing.
The Queen Creek Town Council voted unanimously to publish a notice of intent and set a public hearing on May 7 for a proposed 15 percent increase to monthly water bills.
Deputy Town Manager and Chief Financial Officer Scott McCarty told council the measure is intended to stabilize the water fund, help cover debt‑service requirements tied to an $85 million loan that funded supply purchases and infrastructure, and buy time for a longer comprehensive water rate study and related policy discussions.
"This item tonight is to start the formal process of having a 15% rate increase to our monthly water bill," McCarty said during the council meeting. He said the town’s water service…
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