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The committee voted 5-1-0 to support an 8.5% increase in electric utility rates and voted 6-0 to support issuing electric revenue bonds in the first quarter of fiscal year 2026.
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The committee recommended revising electric rates based on the City’s cost-of-service analysis, but the minutes do not state when or whether the increase will take effect. The committee also supported borrowing through electric revenue bonds. Staff provided project and financial updates for Fire and EMS, Public Works, wastewater, water, landfill, and Energy Services.
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