Folsom schedules first public meeting on water rate study

The city of Folsom will host the first public meeting about a water and sewer rate study Tuesday, Feb. 24, during the regular Folsom City Council meeting at 6:30 p.m. at Folsom City Hall, 50 Natoma St. The rate study will develop five- and 10-year financial models that review operations and maintenance expenses, capital needs and revenue requirements that support water and sewer services. City staff will present objectives of the study, the rate study process, cost of service analysis and rate design, capital improvements for water and sewer services, surcharge rates for water supplies, financial reserve recommendations for water and sewer funds, staffing needs and projections, legal requirements, public outreach, rate study schedule and current status and next steps. Based on the cost of service analysis, the consultant team may recommend changes to the city's current rate structure. Any recommendations will be presented to the City Council this summer. After reviewing the findings, the City Council will provide direction to city staff about whether to move forward with any rate changes. Stay informed about the rate study online at folsom.ca.us/ratestudy.