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City warns of utility insolvency without rate action; work session and public hearing planned
Summary
City staff warned the board the water and sewer enterprise funds could become insolvent in 2026 without rate action, recommended a work-study and expedited public hearing process, and outlined candidate steps including rate models and potential sale scenarios.
City staff told the Board of Aldermen that Willard’s water and sewer enterprise funds are at risk of insolvency by mid-2026 unless the city implements rate adjustments or other measures to shore up revenue.
Officials recommended scheduling a work study to review rate-model options and to treat the rate hearing with urgency.…
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