The City is committed to finding a balance between affordability and the need to ensure that adequate revenues are generated to provide for reliable and safe drinking water, and effective and compliant wastewater treatment and storm water management, now and into the future.
We conduct rate study updates to ensure we are on track and are only charging what is necessary to accomplish this. Particular emphasis has been recently placed on pursuing grant funds and low interest financing, to take some pressure off of rates.
In 2021 we were awarded a $1M low interest loan toward funding design of required enhancements to our treatment plant. In 2022 we were awarded a $1M federal grant toward these upgrades. This year we were awarded a $10M low interest loan (the maximum allowed in the loan program) for construction of these enhancements, and we applied for additional low interest financing. We are waiting to hear if we will be awarded this additional low interest financing. Also, this year there is another $1M grant pending at the federal level. We hope to learn that this has been finalized soon, pending the federal government adopting their new budget.