Click the link to read the article on the Pagosa Springs Sun website (Josh Pike). Here’s an excerpt:
At its Aug. 24 meeting, the Pagosa Area Water and Sanitation District (PAWSD) Board of Directors heard a presentation from Carol Malesky of Stantec on the rate study Stantec is performing for the district. Malesky explained that the rate study being presented to the board is the first part of the study Stantec is working on and that the study aims to evaluate what the district’s water and wastewater funding needs will be over the next 10 years…
She stated that the water and wastewater funds were analyzed as separate utilities, which she noted is a “sound” management practice, and that the study attempts to mini- mize impacts on PAWSD customers…
Following further discussion of the details of the CIF calculation, Malesky explained that, if PAWSD does nothing, water rate revenue will increase at the speed of growth from just below $5 million in 2024 to approximately $5.95 million in 2032. She noted that this growth in revenues would be eclipsed by the revenue demands for the district, with the water fund projected to fall below the reserve requirement in 2027 and to go into the negative in 2028…
Malesky then presented the pro-
posed water rate changes, with a 6 percent increase for 2023, 3 percent annual increases between 2024 and 2027, 3.5 percent annual increases between 2028 and 2030, and no increases between 2031 and 2032. She stated that these increases would take an average monthly water bill for 6,000 gallons of water from $54 in 2023 to $60.74 in 2027 to $67.35 in 2030.