Newsletter: Board of Directors Cuts Scheduled 2024 Rate Increase by 2% at November Board Meeting
Published on November 27, 2023
Following a rate study eight years ago, the Board made a commitment to the District’s customers to evaluate the need for rate increases each year prior to the scheduled January 1 effective date.
Continuing with its commitment the Board of Directors selected a lower-than-planned for water rate adjustment at its November board meeting.
Fiscal year 2023 finished with operational expenses slightly below budget while revenue was higher than expected. The Board followed a Staff recommendation to implement a 3% rate increase at the end of the year instead of the planned 5% increase. Water rates can be found here on the District website. The new water rates will take effect January 1, 2024.
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