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Northlake consultants propose phased water and sewer rate increases to fund $52M in projects
Summary
NewGen and town finance staff presented a rate plan that begins with a 5.5% increase and structural changes to tiers (phasing the top tier to 2× the base) to preserve reserves and finance roughly $52 million in projects over five years; council will consider action in December for a Jan. 2026 effective date.
Town finance staff and consultant NewGen Strategies and Solutions briefed the Northlake Town Council Nov. 13 on the town's water and sewer finances and a multi‑year rate plan.
John, the town finance presenter, said the town ended the fourth quarter with an approximate book value for cash and investments of $114,000,000 and total interest earnings of about $1,300,000; he noted a 7% quarter‑to‑quarter book‑value decrease driven largely by capital spending tied to projects such as the Star Center building and site…
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