Drainage fund rates rising; commercial charges could vary widely under study
Staff told council the drainage fund is in its second year and that residential rates are projected to rise about 8% while commercial charges could increase anywhere from roughly 8% up to 60% depending on impervious-area calculations; staff also proposed a $156,000 transfer to the general fund from drainage under a new cost-allocation plan.
The full story
Finance staff and the assistant city manager reviewed the drainage fund's second year of operations and explained rate-setting assumptions for residential and commercial accounts. Terrence Beaman said the drainage fund projections include an 8% residential increase and a variable commercial increase tied to impervious area calculations.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.