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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 9/26/2023 | | DEPARTMENT: | Budget | | DIRECTOR: | Karen Rhodes-Whitley, Director of Budget and Research | | AGENDA ITEM: | Ordinance Amending Water & Sewer Rates for FY 2023-24. | | RECOMMENDED ACTION: | Adoption of Ordinances |
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| | | | | | | | ITEM SUMMARY To amend Ordinance No. 2022-10-4 codified as Sections 21-135, 21-136 and 21-147, of Article IV, Service Charges Generally, of Chapter 21, Utilities, of the Code of Ordinances of the City of Plano, to increase the fee schedules for water and sewer services effective October 1, 2023, and providing a repealer clause, a severability clause, a savings clause, and an effective date. Adopted Ordinance No. 2023-9-19 |
| | | | | | | | PREVIOUS ACTION/PRESENTATION The water & sewer rate increase was presented to City Council on Thursday, August 17, 2023 during the Budget Work Session. |
| | | | | | | | BACKGROUND On the evening of Tuesday, September 26, 2023, the City Council is scheduled to adopt a 6% water and 3% sewer/wastewater rate increase effective October 1, 2023. The rate increase is the direct result of the North Texas Municipal Water District (NTMWD) contract cost increase passed on to the City of Plano. The increases will provide an additional $9.7 million to cover the increased contract cost. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS Approval of this item will increase water & sewer revenues by an estimated $9,658,111 for FY 2023-24 compared to the FY 2022-23 Re-Estimate. The water & sewer rate increase is included in the FY 2023-24 Water & Sewer Budget.
Approval of this agenda item supports the City's Strategic Plan Critical Success Factor of Excellent, Innovative, and Accountable City Government. |
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