Customers of the Sheridan Area Water Supply System will incur a rate increase of 2.25 percent when the SAWS Joint Powers Board adopts their budget for the upcoming fiscal year. The increase is part of a new financial plan that was created by Fletcher Davis with M-W-H Global. SAWS Project Manager Dan Coughlin says that 2011 was the last time a financial plan was created for the joint powers board.
While the financial plan that will be adopted with the budget calls for a 2.25 percent increase annually over the next four years, Coughlin pointed out that the plan will be addressed on a year-to-year basis.
The SAWS Joint Powers Board will consider approval of the budget for the upcoming fiscal year at their July meeting.