Valley News -

Rainbow Municipal Water District approves rate setting services contract


Last updated 10/14/2017 at Noon

A new cost of service study for the Rainbow Municipal Water District is being conducted by Raftelis Financial Consultants.

The Rainbow board voted 4-0, July 27, with Hayden Hamilton absent, to approve a contract which will pay Raftelis $61,702 for a study on appropriate water rates and other charges and $41,476 for the study on wastewater rates and charges.

If water rates are based on the cost of service, a water agency is exempt from the public vote required for a public agency to raise taxes or fees. A rate setting policy can be in effect for up to five years and must include a rate des...

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