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Tracy council directs staff to develop water‑rate plan under Scenario 1 after study shows fund shortfall
Summary
Following a presentation showing FY25 water revenues of $25.2M vs. expenses of $27.5M and more than $60M in deferred CIP, council unanimously directed staff to prepare a Prop 218 compliant rate plan based on Scenario 1 (largest near‑term increase, strongest long‑term stability) and set a public hearing to begin the formal notice process.
City finance and utilities staff told the council that the Water Enterprise Fund is under significant pressure and presented three financial scenarios to restore long‑term stability.
Director of Finance Sarah Castro said the water fund’s FY ending 07/30/2025 operating revenues were $25.2 million while operating expenses were $27.5 million, and staff identified more than $60 million in necessary capital improvement projects deferred over many years. The…
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