From The Pueblo Chieftain (Chris Woodka):
Pueblo Water will hold the line on its water rate increase while stepping up big capital projects next year by transferring funds from its reserves.
“We’re in a good position,” Seth Clayton, director of administrative services, told the Pueblo Board of Water Works at its work session Tuesday. “Affordability is the most important thing.”
The water board is looking at a 3 percent rate increase when it gives final approval to the 2016 budget at its monthly meeting next week. The budget hearing will be at 2 p.m. Tuesday, 319 W. Fourth St.
The budget totals $38.7 million, and includes shifting $4.6 million from reserves. The move won’t hurt the long-term fiscal health of Pueblo Water, Clayton explained.