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Poulsbo leaders review water utility rate options and connection fees to fund capital needs
Summary
City staff and consultants presented a financial analysis showing the water fund is operating at a deficit under current rates; staff recommended phased rate increases and a modest rise in connection (GFC) fees to sustain operations and capital projects.
City staff presented a financial analysis of the city’s water system plan and recommended a phased approach to rates and a modest increase to connection fees to bring the fund back into balance.
Diane (Finance) and Charlie (Public Works) summarized the system: roughly 90 miles of water main, multiple pressure zones and wells, and a capital program that totals tens of millions over a 20‑year horizon. Staff said the water fund is currently running an operational deficit under status‑quo revenue assumptions and that doing nothing would deplete reserves and jeopardize future capital work.
Staff presented…
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