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Finance staff propose 6% water-rate increase for 2026; council debates timing, billing frequency and customer tools
Summary
Finance staff presented two water-fund scenarios (treatment-plant expansion vs. satellite plant) and recommended a 6% increase for 2026 under either scenario; staff showed residential bill impacts and discussed longer-term rate paths, debt issuance, and cash-balance targets. Council explored monthly or semi‑monthly billing, budget plans to smooth
Finance staff presented two comparable scenarios for water-fund capital planning (building a satellite treatment plant vs. expanding the existing plant) and recommended a 6% water-rate increase for 2026 under either scenario. Staff said either option will require debt issuance in later years and that the 6% increase preserves the fund's cash-balance targets in projected scenarios.
The presenter (finance staff) reported that the typical winter-quarter…
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