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Budget Rate Committee recommends no additional electric rate increase for remainder of FY26
Budget Rate Committee, Board of Lights and Water · December 8, 2025
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Summary
Committee staff told members the city will not propose a further electric rate increase for the remainder of FY26, citing revenue from a 2.5% August increase; the committee voted to forward the recommendation of no change to the full Board of Lights and Water.
Speaker 4, a staff member, told the Budget Rate Committee that after a 2.5% electric rate increase in August — the first in nearly 11 years — staff does not propose any further electric rate increase for the remainder of fiscal year 2026. "We do not propose an additional rate increase for electric, for the FY26…
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