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Finance director warns Medford Water Commission rate hikes could force Talent to adjust local water rates
Summary
Talent’s finance director told council that Medford Water Commission wholesale rates will rise to $1.12/1,000 gallons (summer) and $0.92/1,000 gallons (winter), forcing Talent to re-run its rate model early next year or risk reducing the water fund’s cash reserves by at least $40,000 annually.
Talent’s finance director reported Dec. 4 that the Medford Water Commission has notified partner cities of proposed wholesale water rate increases that will raise Talent’s wholesale cost from $1.01 to $1.12 per 1,000 gallons in the summer and from $0.81 to $0.92 per 1,000 gallons in the winter. "These rate increases are a result of several…
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