Expansion Funding

Q: How will the work be funded? Will it impact my rates or property taxes?

A: Determining the best way to pay for the proposed work is on going. Low-interest loans have been obtained, and additional low-cost financing is being pursued. Bond markets may also be considered, depending on the need. It is important to note that property taxes are not involved in the funding of this expansion. The costs must be covered through fees for new connections and monthly service charges only. These fees are expected to increase in order to serve the community needs.

The District and the City are very aware of the concerns customers have about increases in rates. They communicate to customers regularly about rates through their newsletters and websites. As financing is further defined, the District and the City will continue to provide additional timely information on rates to their customers.