|Water & Sewer Rate Analysis|
As part of its efforts to reduce the City's debt burden for the water and sewer system, the City Council recently performed a water and sewer rate analysis. Numerous scenarios were considered with a range of varying assumptions studied.
The chosen outcome was an increase of 7% for base charges and usage fees across all classes of customers. This will allow increasing portions over the next three years of the Water and Sewer Fund debt, that has been paid from the General Fund, to be paid by the Water & Sewer Fund. This reduces the pressure on the General Fund for millage rate increases and transfers more of the burden to water system customers, many of whom are non-profit entities with tax exempt real estate that pay no property taxes.
Changes will take effect with the October 2015 bills.