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Isanti staff warns water rate study may require higher rates to cover near‑term capital
Summary
Staff said the July rate‑study recommendation may be too low and that rates likely need to rise to cover planned water capital (wells, tower) by 2028; staff proposed targeting high users with a steeper top tier or using bonds with conservative assumptions and will return with formal recommendations before year end.
City staff presented an update on the water‑rate study and said they are reconsidering the recommendation presented in July because projected capital needs through 2028 could require stronger revenue measures.
Mike said the original July recommendation left the water fund near zero capital availability (roughly negative $109,000 by 2028 under the original plan) and that he is “not comfortable with my own recommendation” and believes the city should…
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