The Integrated Water Resources Plan identifies substantial capital investment ahead of the mandated 60% reduction in groundwater. Continued capital and operating investment into the system is necessary to ensure the safest and most reliable utility system for our customers.
Phases II and III of the utility rate study will be conducted in FY21, and are focused on building policy direction for implementation of the IWRP based on City Council discussion during the FY21 budget process. This will help the City design a rate structure to achieve the revenues needed based on industry best practices, and only recommend the rate increases that are necessary to maintain a self-supporting utility system. While necessary, future increases will be structured to ensure the financial sustainability of the system around smaller annual increases instead of larger less frequent increases.