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Forest City reviews draft FY27 electric rate summary suggesting 4% base-rate increase
Summary
The council reviewed a draft FY27 electric rate summary presented by staff that recommended a 4% base-rate increase and a 1.2% surcharge increase to address debt-service and operational needs; the item was discussion-only and was not adopted at the meeting.
Blair Metzger presented the draft FY27 electric rate summary at the May 4 Forest City Council meeting, outlining the utility's projected needs and options to meet debt-service and operational funding requirements.
The draft recommended a 4% increase to the base rate and a 1.2% increase to the surcharge as potential future actions to address debt-service needs and balance the utility budget. Council reviewed the draft as discussion-only; no motion to set rates or schedule a vote was recorded in the minutes.
Council members asked questions and reviewed recommended surcharge options and debt-service considerations, according to the minutes. The presentation was advisory: staff presented options for council consideration and potential future action.
Next steps: the minutes indicate the draft will remain under council review; no date for a formal rate-setting vote is recorded.
