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Conclusions –“Base Model” <br />•Annual 2% rate increases for all funds is not sufficient. <br />–Sewer fund has interfund loan <br />–Unable to pay for capital projects, except in Storm Water Fund <br />•City will need to issue debt to pay for capital projects <br />related to existing infrastructure <br />•Water and Sewer funds will require rate increases <br />–New water rate structure will eliminate Standby Charges <br />–Sewer rates will stabilize revenue with higher minimum charges <br />•Undeveloped storm water charges eliminated <br />•Does NOT include TCAAP at this time <br />40