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Fuquay Varina proposes 15% water and sewer hike to fund major utility projects
Summary
Town Manager Adam Mitchell said utility rates would rise 15% in FY27 (with further scheduled increases) to support generational water and wastewater projects — including Terrible Creek expansion and the Sanford conveyance — and to meet bond-covenant metrics; the plan would raise the typical in-town household bill by about $21.10 per month at 5,000 gallons consumption.
Fuquay Varina’s utility enterprise fund is set for major investment: Town Manager Adam Mitchell told the town board the utility operating fund budget and rate model call for a 15% increase in water and sewer base and volumetric rates in fiscal year 2027 to fund capital projects, debt service and regulatory compliance.
Mitchell said enterprise operating revenues for FY27 are projected at about $40.6 million and that the rate-model recommendation (developed with consultant Stantec) includes higher increases in the early years and smaller ‘‘industry-norm’’ increases in outer years to smooth costs over time. “The combined monthly bill for an in…
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