Utility-rate study recommends phased increases; staff proposes 3% this year, 2% next
Staff presented a mid-range utility-rate study, said Springtown relies on volatile variable revenues (~$465,000/year), and recommended a phased approach: a 3% increase this year and an approximate 2% increase next year to reduce dependence on uncertain revenue streams.
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Staff reviewed prior utility-rate work and the results of a recent mid-range study, which flagged the city's reliance on variable revenues—bulk sales, late fees and large temporary customers—equaling roughly $465,000 per year or about 16% of enterprise revenue.
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