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Rio Rancho Considers Rate Increases For Water And Wastewater
A joint work session warned Rio Rancho that water and sewer rates may rise to avert a projected 35 million shortfall. Consultant John Gallagher urged a 7.8 percent rate hike annually for five years to meet revenue needs, reserve targets, and debt service benchmarks, while officials weigh aging infrastructure and Fitch bond ratings.
MENTIONED IN THIS ARTICLE
John Gallagher
Red Oaks Consulting
Gallagher
Tom Swisstack
Garry Lally
Financial Services
Olivia Padilla-Jackson
Fitch