Utility Rates Open House

You may have heard that the Town is proposing to raise utility rates by approximately 10% per year from 2025-2029.

 

The point of this would be to achieve full cost recovery so that future infrastructure purchases aren't purely reliant on debt financing, which is subject to the state of interest rates at the time. The approximately 10% rate is based on an analysis by InterGroup, a firm the Town retained to produce a utility rate model.

 

Ultimately, the decision for raising rates, if at all, is in Council's hands. This open house is an opportunity for you to ask questions and share feedback about the proposal.

 

The Utility Rates Open House is taking place at the Town Office Council Chambers 4 – 6 p.m. Monday, November 18.