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Council receives utility-rate update; staff says prior increases averted multimillion-dollar deficits
City Council of Lincoln · May 29, 2024
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Summary
Staff told the council that previously adopted water and wastewater rate increases prevented projected deficits and that new, smaller rate increases will take effect July 1; staff also described planned replacement work funded by the rates.
City staff provided the council with the annual utility rate update and reminded members that the new rates are scheduled to take effect July 1. Staff said the current five‑year rate plan was adopted last year and that without the prior year’s increases the water fund faced a projected $4.2…
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