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Republic staff to hold water rates steady for 2026, propose bond and bridge line of credit to fund reduced 10‑year water CIP
Summary
City staff recommended holding 2025 water rates steady into 2026 while wastewater rates increase; to fund a reduced $45 million water CIP (from $70M), staff proposed a dedicated Arvest Bank line of credit as a bridge to a future tax‑exempt bond offering.
City finance staff presented a multi‑part approach to manage water and wastewater finances over the next several years.
Bob Ford reviewed recent rate changes, noting the 2025 base water charge increased roughly 94% (from $8.66 to $16.76) and that, under the current fee structure, some customers could see large increases over 2023–2027. Ford said staff’s recommendation is to hold the 2025 water rates steady in 2026 (no increase), continue planned…
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