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Council adopts 4% sewer rate increase to cover debt service and reserves
Summary
The City Council approved a 4% increase to wastewater (sewer) rates effective in February to cover inflation, maintain reserves and help pay debt service tied to the West Central Biosolids project; staff estimated roughly $98,000 in additional annual revenue and an average residential impact of $1.41.
The New Richmond City Council adopted a 4% increase in sewer rates, citing inflationary pressures, debt-service obligations tied to the West Central Biosolids project and a need to maintain reserve levels required by the city's debt covenants.
City staff noted the increase was drawn from an updated sewer rate study (2018 study and a 2022 update) and…
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