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San Marcos staff propose utility-rate increases; council signals support for public hearings
Summary
City staff recommended utility adjustments — electric +4.4%, water/wastewater +10.4% (combined), resource recovery +1% — to meet legal debt-coverage minimums and rising contract/debt costs. Council generally backed placing the adjustments on Sept. 2 public hearing agendas.
City finance and utilities staff told the San Marcos City Council on Aug. 19 the city needs modest utility-rate increases to meet legal debt-service coverage requirements and to cover several unanticipated cost drivers.
Staff recommended a 4.4% effective rate adjustment for the electric utility to reach a roughly 1.22 debt-service-coverage ratio, a 10.4% combined effective adjustment for water and wastewater (water 10.8% and wastewater 9.4%) to meet a 1.2 coverage threshold, and a 1%…
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