· Related development
Rate study recommends a phased 8.37% water and wastewater adjustment (preliminary)
A water and wastewater rate study presented to the council recommended a gradual 8.37% adjustment toward about $1.8 billion in needs, including a planned $1.5 billion wastewater plant. The study projected that debt service could rise 238% by FY2036. The figure was described as preliminary; the council agreed to continue the study.[1]
What the sources say
- ✓ Verified
A water and wastewater rate study recommended a gradual 8.37% rate adjustment toward an anticipated $1.8 billion to fund the planned wastewater plant and other Capital Improvement Plan water projects; the 8.37% was described as a preliminary estimate that may change, applying to residential, commercial and industrial customers.[1]
- Recommended adjustment
- 8.37%
- Needs
- $1,800,000,000
- ✓ Verified
Projection (rate study, as reported): annual debt service could rise 238% by FY2036; utility expenses could reach $257.2 million by FY2036 against revenues of about $129.5 million; Amarillo's Canadian River Municipal Water Authority cost could rise from $14.3 million (FY2026) to $39.5 million (FY2036).[1]
- Debt service increase pct by fy2036
- 238
- Fy2036 expenses
- $257,200,000
- Fy2036 revenues
- $129,500,000
- Crmwa cost fy2026
- $14,300,000
- Crmwa cost fy2036
- $39,500,000