Rate Increase FAQ
PART 1: REVENUE NEEDS
About 85% of SLVWD’s revenue comes from water rates paid by customers. In order to continue operating in the face of increasing costs, SLVWD needs to periodically review and revise these rates. To develop a rate structure capable of meeting its financial needs through 2028, SLVWD followed an industry-standard process focused on two key questions: (1) how much revenue is needed? (2) what rate schedule will generate this revenue as reliably and equitably as possible? This first section of our FAQ focuses on the first of these two questions.
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