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Mayor presents four‑year water‑rate schedule; committee questions front‑loaded increase
Summary
The mayor presented a four‑year water‑rate schedule intended to fund enterprise operations, debt service and retained earnings; the proposal front‑loads increases because sewer rates were adjusted in 2024, and the committee asked about project phasing and whether a more evenly distributed rate would be preferable.
The Gardner City mayor (speaker S4) presented a proposed water‑rate schedule on April 14 that would take effect in the next fiscal year and continue for the following three years to fund operating costs, debt service on water‑line projects and a 3–5% retained‑earnings cushion in the enterprise account.
The mayor said the current schedule dates from June 2019…
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