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TCPUD staff present 2025 budget assumptions; staffing evaluated against rate study
Summary
Staff outlined 2025 operating assumptions — 3% COLA, health insurance up ~10.8%, and a 5% property‑tax revenue projection — and proposed a cautious approach to new utilities and accounting hires pending incoming directors and a five‑year rate study.
Staff briefed the committee on district‑wide 2025 revenue and expense assumptions, noting a 3% cost‑of‑living projection tied to September CPI figures, a 10.81% increase in health‑insurance premiums year‑over‑year and a proposed 5% property‑tax revenue assumption. Finance staff said average insurance cost increases across policies were about 21.7%, largely due to property schedules associated with treatment‑plant assets.
On staffing, management recommended not immediately filling certain utilities and accounting positions; incoming directors will review operations and determine need and job descriptions before hires proceed. "We really thought about what we might need in the next 5 years, because it necessarily impacts the rate study process," a staff presenter said, explaining that staffing estimates are tied to multi‑year rate‑study scenarios and will be revisited as part of the fall budget process.
