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Erie council approves budget supplemental to reflect updated water and storm-drainage revenues
Summary
Finance staff told the council that updated 2025 rates will increase the water fund revenue by about $8.2 million and the storm‑drainage fund by roughly $109,000; the council approved a resolution to appropriate those supplemental revenues for 2025.
Finance Director Sarah Hancock and Budget and Fiscal Manager Cassie Bethune presented a public hearing on a 2025 budget supplemental on Jan. 28 to reconcile the town's adopted budget with the results of a recent rate study.
Hancock said the town had adopted the budget without projected new rate revenues to avoid counting unapproved income; now that council has approved revised rates, staff asked to appropriate the updated revenues into the 2025 budget. Hancock said the water fund revenue forecast will increase by approximately $8.2 million for 2025 and storm-drainage revenue will increase by about $109,000. She explained that bond proceeds and potential grants remain excluded from the approved revenue figures until they are issued or received.
Councilors asked for follow-up detail on a large out-year revenue jump in the storm-drainage slides and on staffing and operating- cost assumptions tied to a planned water-treatment plant. Hancock said the out-year changes likely reflect capital rollovers or expected bond proceeds and offered to follow up with updated forecasts; she also said an additional rate study will be performed in the next couple years to refine operating and staffing assumptions.
No members of the public were signed up to speak during the hearing. The council moved and approved the supplemental appropriation by voice vote.
