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Committee hears water and sewer fund outlook: new wells, rising chemical costs and rate modeling
Summary
Staff told the committee two new water wells will come online, discussed rate‑modeling assumptions and projected small service‑charge increases, and warned of large chemical cost increases (line chemical up ~19%).
Finance staff briefed the committee on water and wastewater fund projections, capital needs and operating pressures.
Speaker 1 said two new water wells are expected to come online and outlined the rate‑setting approach: historical compounding of roughly 3% for rates since 2015, billing growth near 5.7% due to usage, and a conservative projection of 2.5% CAGR in the 2027–2030 window for revenues. Staff said they…
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