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District financial model adds another 7.5% rate year; staff estimates ~$350 annual tax debt for typical meter under updated capital plan
Summary
Finance staff revised baseline demand down, adjusted expense and capital assumptions, and recommended adding a third year of 7.5% rate increases (7.5%/7.5%/4% sequence). Under updated AWPF numbers, staff estimated a roughly $350 annual property‑tax debt for a 3/4‑inch account (about $30/month).
District finance staff presented an updated three‑year rate outlook that incorporates the higher AWPF capital costs and recent revenue experience.
Maisel (finance presenter) said the prior baseline demand assumption of about 4,000 acre‑feet has been revised to about 3,800 acre‑feet after recent actuals were notably lower. That lower demand, combined with higher projected capital costs for the AWPF and some higher operating expenses, led staff to add one more year of a 7.5% rate increase to the previously…
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