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Winter Springs hears utility-rate update; approves SRF loan application for east wastewater facility
Summary
Consultant Joe Williams told the Winter Springs City Commission the adopted five-year rate plan remains appropriate to fund most near-term needs, but long-term borrowings will create a debt-service "pinch point" around 2031; the commission approved submitting a $20 million SRF loan application for the East Wastewater facility.
Joe Williams of Raftelis told the Winter Springs City Commission on Nov. 10 that the city's five-year rate plan adopted in 2023 remains on track and is funding a multiyear capital program, including replacement wastewater plants.
Williams said the capital plan totals roughly $196 million and that earlier allocations set aside about $112 million for wastewater plants. He said construction cost pressures have increased the estimated wastewater-plant costs (a figure discussed in the meeting was about $158 million) and that the city is…
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