KBRA understands that the City intends to phase in the consumption based utility tax with annual rate increases between fiscal years 2017 and 2020. The revenues from the water-sewer utility tax are projected to generate
KBRA has examined the actions taken on behalf of the City to address MEABF funding levels in the context of water-sewer utility rate affordability. At this time KBRA maintains the view that despite the frequency and magnitude of the projected rate increases, rates will remain affordable and comparable to those of large utility systems across the country. However, KBRA notes that the tax will result in higher water-sewer utility bills, which will likely add an element of pressure for some ratepayers. KBRA recognizes these challenges as being balanced against the essentiality of water service and the historically below average rates charged by the City for water and sewer service. As of
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