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Stanhope council adopts plan to raise electric rates over next five years
Summary
The Stanhope City Council agreed on a multiyear plan to raise municipal electric rates, starting with a 3% increase in year one followed by 2% increases for the next four years; a formal resolution will be drafted for the December meeting to begin the voting process.
The Stanhope City Council on Nov. 18 agreed on a plan that would raise electric rates over the next five years, starting with a 3% increase in the first year and 2% increases in each of the following four years. The council directed staff to draft a resolution to appear on the December agenda to start the formal vote process.
The measure as discussed was framed as a multi-year rate schedule rather than a single ordinance; council members said the schedule would be presented as a resolution in December so voters and ratepayers could review the formal language and vote tallies. No formal vote on the resolution took place at the Nov. 18 meeting.
City officials did not provide a breakdown at the Nov. 18 meeting of how the increased revenue would be allocated across operations, capital projects or reserves. The council recorded only the agreed-upon percentages (3% first year, then 2% annually for four years) and the instruction to prepare a resolution for the next meeting.
The council’s next procedural step is the December meeting, when the resolution will be introduced for formal consideration and a recorded vote. Residents who asked about the timing were told the resolution will be available before that meeting.
