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The Light Commissioners unanimously approved Mansfield Municipal Electric Department’s FY2027 operating budget, rate adjustments, and $4.8 million capital budget. The approved rate changes are expected to produce a small decrease in customer bills compared with the rates approved in March.
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The department’s FY2027 budget increases planned net income by $548,768, or 4%, while purchase power costs are $2.3 million higher and sales are flat. Approved rate changes shift costs between purchase power and distribution charges while keeping the overall customer bill slightly lower than under the March-approved rates. The board also authorized purchasing property at 130 High Street for $70,000 to support transformer storage.
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