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Council schedules hearings after wastewater study warns of five-year deficit
Summary
Council member Mark Lockwood presented a five-year wastewater projection showing a potential large deficit without rate increases; the council scheduled a special meeting for May 26 and a public hearing for June 3 to review the rate study.
Council member Mark Lockwood said the town’s wastewater fund faces a shortfall unless rates change. He presented a five-year projection and warned that “it will run a very large deficit” if the town does not implement a rate increase.
The council set a special meeting on May 26 at 6:00 P.M. and a public hearing on June 3 at 6:00 P.M. to consider the utility rate study and potential rate adjustments. The discussion emphasized that projected expenditures and capital needs underpin the recommendation to consider a significant rate increase over the next five years.
