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Edmond reviews four water‑rate plans as city prepares major treatment‑plant expansion
Summary
City staff and consultants presented four rate‑plan options tied to two capital scenarios to fund a multiyear water and wastewater capital program; council favored options that spread increases and asked staff for an apples‑to‑apples bill comparison and additional Public Works review.
Edmond officials spent the bulk of a March 23 budget workshop reviewing a detailed water and wastewater rate study that models four alternative rate structures and two capital‑cost scenarios intended to fund an extensive capital improvement program, including a large water treatment plant expansion.
Consultant Jason Graham of Willdan Financial told the council the study models a midpoint capital plan of about $648.5 million and an upper‑end plan around $716.6 million, and that the water treatment plant expansion is the primary cost driver. ‘‘The biggest impact on the cost of service is principal and interest on new debt issued to fund those CIP projects,’’ Graham said, outlining how total new debt under the midpoint scenario would be roughly $464.3 million and about $530 million under the upper‑end scenario.
Why it matters: Council members framed the discussion around how to balance near‑term bill impacts with long‑term…
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