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City officials correct DWSD revenue estimate; say bonds unlikely to affect FY26 rates
Summary
City finance staff and DWSD said the revenue estimating conference overstated Detroit Water and Sewer Department (DWSD) FY26 revenues. Officials lowered the FY26 projection to about $618 million and said DWSD will not issue bonds in FY26 but may seek roughly $60 million in FY27, which would affect ratepayers only through long‑term debt service.
Acting Treasurer Valerie Agoli and Lashonda Davis, director of finance for the Detroit Water and Sewer Department, told the Budget, Finance & Audit Committee on Feb. 13 that the revenue estimating conference relied on stale information and overstated DWSD revenue projections.
"The 23% increase for fiscal year 26 was not accurate," Lashonda Davis said. "Estimates will actually be $618,000,000." She added that the conference report had incorrectly reflected bond proceeds and other non‑operating items as part of revenues and that DWSD will not be issuing bonds in fiscal year 2026.
The corrected projection reduces the year‑over‑year increase previously reported. Agoli said the city has asked DWSD and Treasury to provide…
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