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Rowlett council leans toward modest utility-rate plan that preserves reserves
Summary
City staff presented four FY2025 utility-rate and fund-balance scenarios after dropping a planned $7 million revenue bond; council members converged on scenario 2, which limits reserve drawdown while moderating near-term rate increases.
City staff presented four alternative utility-rate scenarios for FY2025 and explained why the previously planned $7,000,000 revenue bond was removed from short-term planning. Staff said the bond was pulled because the city lacked a ready set of capital projects to spend the debt proceeds, and moving forward without projects would needlessly increase rate burdens on residents.
The four scenarios offer trade-offs between preserving days of cash on hand and…
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