UtilitiesTop story
TMWA proposes water rate increases of 7%, 7% and 5% over three years
Borrowing about $50 million would shrink each year's increase
| With borrowing | Measure | Without borrowing |
|---|---|---|
| 7% | Year 1 | 10% |
| 7% | Year 2 | 10% |
| 5% | Year 3 | 8% |
Source: KOLO 8 News Now
If you pay a TMWA bill, it could be heading up. The Truckee Meadows Water Authority is proposing increases of 7% in each of the first two years and 5% in the third, starting on or about May 1 each year. For a typical customer, that's about $3 more a month each year.
The money would go to repairs and rehabilitation of existing infrastructure, not growth, TMWA's Matt Bowman said. TMWA also proposes borrowing about $50 million, which keeps the increases smaller. Without it, they'd be 10%, 10% and 8%.
- Thu., Nov. 12, 5:30–7 p.m.: Zoom session
- Tue., Nov. 17, noon–1:30 p.m.: open house, 1355 Capital Blvd.
- Thu., Nov. 19, noon–1:30 p.m.: Zoom session
- Zoom format: short presentation, then moderated questions
Open houses are drop-in, and you can also leave feedback through TMWA's public comment form. Bowman says TMWA has paid down over $200 million of existing debt, and the board is expected to decide in March 2027.
TMWA's proposal by the numbers
- $3
- more a month each year, about, for a typical customer
- $9
- more a month by the third year, about
- $50 million
- TMWA proposes to borrow
- $200 million
- of existing debt TMWA has paid down
Source: KOLO 8 News Now
