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City presents water and wastewater rate study; staff recommends rate increases plus debt to protect reserves
Summary
Staff and consultant presented a five-year water and wastewater financial plan to fund $21M in water and $35M in sewer CIP; options include phased rate increases and debt issuance to smooth near-term impacts, and staff indicated they will begin the Prop 218 notice process in mid-March.
City staff and consultant John Wright presented a detailed five-year water and wastewater rate study designed to fund the capital improvement program and stabilize utility reserves.
Wright and staff said the city faces substantial near-term capital needs — roughly $21 million for water projects and $35 million for sewer over the five-year horizon — and that doing nothing would drive the utility funds into a negative cash balance in later years. To address the funding gap, staff recommended a combination of targeted rate increases and debt financing…
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