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Consultant presents two rate scenarios to fund San Juan’s $97 million water and wastewater plan
Summary
Willdan Financial Services presented two scenarios to fund $97 million in water and wastewater capital projects for San Juan, showing steeper near‑term rate increases under a 100% debt plan and lower increases if about half the CIP is funded through other sources; a commission workshop was requested.
A consultant told the San Juan commission that paying for roughly $97 million of identified water and wastewater capital projects will require multi‑year rate increases unless the city secures grants or scales back projects.
Jason Gray, vice president of Willdan Financial Services, outlined two modeled alternatives: a 100% debt‑funded plan and a roughly 50% debt plan. Gray said the water master plan includes about $62 million of water projects and the combined CIP approaches $97 million over the next 10 years, and the two scenarios differ mainly in how much capital is financed with long‑term debt versus left for grants or delay.
Gray described the 100% debt scenario as assuming 30‑year level‑payment debt at 4% interest. In that model, water rates would need about 16% increases per year for four years and…
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