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WPCA reviews five-year financial model and schedules public hearing on proposed sewer rates
Summary
Woodard & Curran presented a five-year WPCA financial plan that models 4.5% annual sewer rate increases, assumes large capital needs (about $46M across collection, treatment and pump upgrades), and the board scheduled a public hearing on Feb. 17, 2026 to consider proposed rates.
Woodard & Curran presented a five-year financial plan to the Norwalk Water Pollution Control Authority on Jan. 20 that projects continuing capital needs and models an annual 4.5% increase to sewer rates as a fiscally responsible path under current assumptions.
James Aiken, national utility rate analyst at Woodard & Curran, described assumptions underlying the forecast: fiscal 2026 as the base year, a forecast period covering fiscal years 2027–2031, an operating reserve target equal to about seven months of operating budget (roughly 60%), a debt service coverage target of 1.05x, an…
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