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Staff recommends staged water and sewer rate increases; first reading proposed in August
Summary
Town staff recommended increasing sewer rates with staged increases (one option cited: $68.25) and possibly annual $3 increments; officials proposed public notice and readings beginning in August with an October effective date for any adopted change.
Treasurer (Speaker 4) told the council that the Indiana Finance Authority had reviewed the utility position and that staff "recommendation is the utility should move forward with the recommended rate increase to assure adequate revenues are available to properly manage the utility and timely make week prior debt service commitments." He outlined rate options for sewer and a possible multi-year annual increase approach.
Speaker 4 proposed publishing notices and following the required readings, saying, "We can have the 1st reading in August, 2nd and 3rd reading in September, and then pass it in September. And then it would actually take effect in October." Council members discussed focusing increases on the biggest nonresidential water users while leaving residential rates unchanged as a mitigation measure.
The transcript records proposals and a call for a motion to advertise the rate changes and readings, but it does not include a formal recorded vote on the measure in the provided segments.
