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Council holds first readings for proposed water and sewer rate changes
Summary
Council held first readings of Ordinance 3-26 (water rates — 1% increase this fiscal year) and Ordinance 4-26 (sewer rates — 3% now, multi-year plan with transfers), with staff explaining SRF review requirements and reserve transfers.
Council held the first reading for Ordinance 3-26, which would raise water rates by 1% this fiscal year (with the possibility of a later 3% increase depending on fiscal-year outcomes). Staff said the water fund is currently healthy and that any additional amounts collected could be placed into a reserve for capital projects.
The first reading of Ordinance 4-26 would increase sewer rates 3% now, include a $50,000 transfer from sewer reserves, and anticipates a 3.5% increase in FY28 as part of a three-year plan to meet SRF review expectations. Council discussed timing, potential reserve-building strategies and the need to notify SRF of multi-year rate planning.
