What you need to know
A measure raising water and sewer rates was approved on a second reading by council March 26 and will go into effect April 1.
The gist
The rate increases for water and wastewater will be based on a "smoothed” rate adjustment over the next five years, Chief Financial Officer Leigh Wallace said.
Wallace said the midyear adjustments are an increase to the base water and sewer rates.
The average Georgetown residential customer within city limits will see a water base rate increase of $10.10 and a sewer base rate increase of $4.95, according to city documents.
Some context
Additional revenue from the rate increase will cover the cost of the city's two-year contract with EPCOR to reserve the right to purchase groundwater from the Carrizo-Wilcox Aquifer while the city works to negotiate a contract to secure its water supply through 2050, per a release from the city.
What's next?
Additional rate increases are expected to take effect Oct. 1, and proposed increases will be brought forward as part of the fiscal year 2025-26 budget process, according to city documents.
