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Smithville staff proposes 15% water and wastewater rate increase to fund multi‑year capital plan
Summary
At a work session, staff told the Smithville Board of Aldermen that a 15% increase to both water and wastewater rates is planned for FY2025 to fund large infrastructure projects, including a federally funded lift‑station, and to avoid near‑term COP issuance. Board members pushed for additional scenarios and cautioned against a single large one‑time hike.
City staff told the Smithville Board of Aldermen that staff is proposing a 15% increase to both water and wastewater rates next year to fund prioritized capital improvement projects and address inflationary cost pressures.
"We are proposing a 15% increase both in the water and the wastewater side," Speaker 3 said, framing the increase as necessary to begin tackling a multi‑year capital program. Staff removed COP proceeds and large reimbursements from the current-year revenue projections to make the fund performance more comparable and said postponing COP issuance for as long…
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