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Proposed Rate Structure Changes <br />Goals of proposed sewer rate structure: <br />•Simplify sewer rate structure / match to peer agencies <br />•Align with cost-of-service principles <br />Proposed changes to sewer rate structure: <br />•Residential – align Condo and Multi-Family rates <br />•Commercial/Industrial – one collection rate, regardless of commercial classification <br />•Institutional – continue differentiated school rates by Submetered and Not <br />Submetered <br />7 <br />Projected Sewer Revenue Adjustments 2027-2030 <br />8 <br />2030202920282027Fiscal Year <br />July 1, 2029July 1, 2028July 1, 2027January 1, 2027Date Effective <br />10%10%10%100%Total Rate Revenue Adjustment <br />10%10%10%88%Residential <br />10%10%10%159%Commercial/Industrial <br />10%10%10%9%Institutional <br />To ensure sufficient revenue to implement the financial plan, a 100% revenue <br />adjustment is required effective January 1, 2027 followed by subsequent 10% annual <br />adjustments through 2030. <br />For context, the City portion of the typical residential service sewer bill is $31.70 every other month, or $15.85 per month. <br />7 <br />8 <br />Page 369 of 617