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Keizer warns water and stormwater capital could halt without new revenue
Summary
Staff told the Long Range Planning Task Force that the water fund faces a $713,000 loss this year and that major stormwater work (Willow Lake Estate realignment) has created a large shortfall, meaning capital projects may be deferred absent rates, debt or other revenue sources.
Keizer staff told the Long Range Planning Task Force on Dec. 8 that both the water and stormwater enterprise funds are at risk of losing capacity to fund needed infrastructure without new revenue.
Budget Officer Tim Wood said the water fund is expected to show a roughly $713,000 loss this year, with reserves sufficient for short‑term needs but capital outlay projected to fall to $0 by 2027–28 under a status‑quo scenario.…
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