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Herriman staff proposes smoothing water‑rate increases after an unusually favorable FY25; council asks for scenarios
Summary
Staff reported FY25 water revenues exceeded model projections largely because of drought‑driven usage and higher interest income; staff proposed spreading a $3.5M appropriation to smooth rate increases (example: 6.5% annually) and asked council what scenarios it needs to decide.
Speaker 7 reviewed Herriman's water‑rate history and FY25 financial performance at the Oct. 22 work session and presented staff rate recommendations for council consideration. He noted the council previously adopted a fee/rate study, which recommended phased increases; staff compared that model to actual FY25 results and presented alternative smoothing scenarios.
Key figures and drivers: Speaker 7 said rate revenue was about…
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