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Iowa City proposes modest water/wastewater rate increases and small levy adjustment amid property-tax uncertainty
Summary
Staff proposed a 3% water rate increase, a 5% wastewater increase and a modest levy-rate change (15.63 to 15.43) tied into LOST planning; staff warned enterprise funds will still face pressure from inflation and capital needs and urged monitoring of insurance and debt-service pressures.
City staff outlined multiple revenue adjustments in the FY2027 proposal intended to balance capital demands and ongoing service costs while using LOST to take some pressure off the general fund.
Assistant City Manager Kirk Laman described a proposed modest decrease in the overall levy rate from 15.63 to 15.43, accomplished in part by applying LOST to reduce the general-fund drawdown and decrease the…
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