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Northlake staff and consultants recommend modest annual water, sewer increases to stabilize finances
Summary
Consultants recommended a roughly 4.75% annual increase to water and wastewater rates to cover rising wholesale costs and planned capital projects; council was briefed and staff said adoption is scheduled for the council’s December meeting with rates to appear on January bills if approved.
Northlake Town Council received a briefing on proposed water and wastewater rate increases that staff and NewGen Strategies and Solutions say are necessary to cover rising wholesale costs, meet debt-service coverage targets and fund planned capital work. Matthew Garrett of NewGen said the financial plan includes roughly $52,000,000 of capital improvements and the recommended rate design would raise rates about 4.75% per year to maintain fund-balance and coverage targets.
The consultant framed the proposal as a five-year forecast intended to avoid large catch-up increases later: "As mentioned, that's about a 4.75% increase,"…
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