Title
Vote to approve an amendment to water rates effective March 1, 2025
Abstract
Introduction & Background: As part of the utilities merger agreement with the City of Sanford (TriRiver Water), Sanford has requested that the County increase the current water usage rates by 10% in advance of the merger. The County Manager previously recommended an effective date of that increase for March 1, 2025.
Discussion & Analysis: The proposed rate adjustment would be effective March 1, 2025 (as recommended by the County Manager) and would be a 10% increase to all usage rates and administrative fees, rounded to the nearest cent. This increase is consistent with what County Budget staff presented to the Board of Commissioners during the FY 2025 operating budget process as likely being necessary in FY 2026 (prior to any discussions of a utility merger). The 10% increase was slated to be the second step of a multi-year approach to full financial solvency for the utility, accounting for both increased operating costs and significant pending capital improvement projects. Based on preliminary estimates, Budget staff remain confident in the rate increase forecast that was provided in May 2024.
How does this relate to the Comprehensive Plan:
Budgetary Impact:
Recommendation/Motion: Motion to approve an amendment to water rates effective March 1, 2025.