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Sewer rates held steady for FY2026-27, but Hospital Watershed project may add debt next year
Summary
Clerk/Treasurer Amanda Hawkins told the committee the Sewer Fund did not need a rate increase for FY2026-2027 after paying off a $40,000 annual obligation in September 2025, but the upcoming Hospital Watershed Sewer project could add about $38,000 annually to FY2027-2028.
The committee heard that the Sewer Fund will not require a rate increase for FY2026-2027 because a $40,000 annual debt was paid off in September 2025, reducing immediate pressure on sewer revenues. Clerk/Treasurer Amanda Hawkins presented those details and noted the fund must meet the same 115% Debt Coverage Ratio required by lenders such as the Virginia Resource Authority.
Hawkins cautioned, however, that the Hospital Watershed Sewer project — which will be underway soon — is expected to add an approximately $38,000 annual debt obligation to the FY2027-2028 budget. The committee discussed recommending a small increase this year to smooth the effect rather than having no increase now and a larger jump next year.
