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| Staff: | Lisa Mills, Finance Director | AGENDA REPORT
Cape Girardeau City Council | 24-098 | | Agenda: | June 3, 2024 |
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| | | | | | | | SUBJECT
An Ordinance establishing utility rates for the City of Cape Girardeau, Missouri, by amending Chapter 29 relating to sewer and water rates.
EXECUTIVE SUMMARY
This ordinance would approve water and sewer fee increases assumed in the proposed 2024-2025 City Budget.
BACKGROUND/DISCUSSION
The proposed 2024-2025 budget includes a 5% increase to the residential and commercial water rates effective for bills issued after July 1, 2024. disconnect and reconnect fees charged by the City will increase to $20.75 from $19.75.
FINANCIAL IMPACT
This years rate increases will allow the City to meet its rate covenants for bonds previously issued by the sewer and water funds and support the operating needs of the sewer and water funds.
SUSTAINABILITY: ECONOMIC, ENVIRONMENTAL AND SOCIAL IMPACTS
STAFF RECOMMENDATION
Staff recommends approval of this ordinance.
BOARD OR COMMISSION RECOMMENDATION
PUBLIC OUTREACH
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