Westminster holds off on water rate hike for 2020

Staff Report
Posted 7/1/20

Westminster councilors made a plan official that keeps the city’s water and sewer rates in 2021 the same as this year. Councilors voted 7-0 June 22 to hold off on a planned increase due to impacts …

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Westminster holds off on water rate hike for 2020

Posted

Westminster councilors made a plan official that keeps the city’s water and sewer rates in 2021 the same as this year.

Councilors voted 7-0 June 22 to hold off on a planned increase due to impacts from COVID-19.

The city had been considering a 6% increase in water and sewer rates for 2021 and 2022. That would have increased water rates by about $3.31 month and sewer rates by $3.36 per month. Much of the increase was earmarked for capital work on the city’s pipes and water and sewer infrastructure.

Instead, the city was able to use savings from refinancing some city debt and claiming lower interest rates to cover the costs of the utilities. The city refunded $17.9 million in bonds it sold in 2010, reducing the overall amount owed by $3.6 million over the same term. That savings should allow the city to fund necessary operations and projects in 2021 without a rate increase.

The city will also tap into a $2 million rate stabilization fund and cut $500,000 from the money the utility pays into the general fund to pay water and sewer expenses for the next year.

Westminster offers several programs to help interested customers use less water and manage their bill.

A water bill assistance program offers income-qualified customers — including customers financially impacted by COVID-19 — a $15 per month credit toward their utility bill.

The city also offers several water conservation programs to help residents use less water outdoors including an irrigation consultation program that saves participating customers an average of $150 on their water bill.

The city has also formed an internal task force to identify innovative solutions to maintaining the city’s infrastructure while reducing costs.

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