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Sonoma Water presents $82M plan and proposes 10.76% Petaluma Aqueduct rate increase; city presses on bond limits
Summary
Sonoma Water told Rohnert Park council it plans an $82 million FY25–26 water transmission budget, including a proposed $33 million revenue bond and a Petaluma Aqueduct rate increase of about 10.76%; council members pressed staff on who bears bond costs and what can be deferred to lower rates.
Sonoma Water officials told the Rohnert Park City Council on March 11 that the agency’s proposed FY25–26 water transmission budget would total about $82 million and would include a Petaluma Aqueduct rate increase in the range of 7.6%–10.76%, with Petaluma customers facing the top end of that range.
Jake Spalding, finance manager at Sonoma Water, said the composite budget combines multiple funds for operations, capital and regulatory work and that operations and maintenance account for about 56% of the proposed budget. He told the council the agency had secured roughly $12.6 million in federal FEMA funding for hazard mitigation projects and expects to seek additional grants, but it plans to issue a roughly $33 million revenue bond to fund near-term capital projects on the Petaluma Aqueduct.
"The total proposed budget is about $82…
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