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Preliminary utilities budget shows mixed results, flags lower industrial wastewater revenue and possible refinancing
Summary
The board reviewed a preliminary FY27 enterprise budget that projects a combined enterprise total of about $57.4 million, with solid waste showing an estimated $1.1 million surplus, wastewater revenue down roughly $1.6 million, and the water fund projecting a $2.9 million drawdown of fund balance; staff signaled a forthcoming rate study and potential bond refinance options.
City budget manager Jacob Delid presented the Board of Public Utilities with the first iteration of preliminary enterprise fund budgets and a calendar for next steps, saying staff still needs to finalize CIP entries and negotiated salary projections.
Jacob said the solid waste and street‑sweeping fund is projected to receive roughly $15.1 million in revenue with $14 million in expenditures, yielding a preliminary surplus of about $1.1 million. He said wastewater fund revenue is estimated at about $30.6 million for FY27, roughly…
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