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Staff urges incorporating utility rate study into 2027 budget planning
Summary
City staff recommended including anticipated outcomes from an ongoing water/sewer rate study in the 2027 budget, discussed modest revenue increases and bond payments for enterprise funds, and advised the council to adjust rates based on upcoming capital and capital-need findings.
Staff told the council that the utility-rate study under way should inform the 2027 budget and recommended incorporating its results rather than deferring changes to 2028. For water, staff projected a modest $5,000 increase in sales (year-to-date roughly $38,000) and reminded councilors of bond principal and interest obligations tied to enterprise funds.
"With the utility rate study, our recommendation would be to incorporate that into the 2027 budget," the staff member said, adding that the rate study and identified capital needs will be the big driver for any rate adjustments. Councilors asked staff to collect historical usage and capital needs so final rate recommendations can be modeled and brought back for adoption.
