Won’t the utility reserve funds be needed for future utility projects?
According to studies prepared for the Merger Advisory Committee in 2009 (see the Merger Study Information section of this website), both the City and Village utilities are projected to have several million dollars of capital expenditures over the next 15 years. Based on preliminary estimates in the studies, the expenses for these projects would be significantly less if the City and Village utilities are merged into one. Sewer & Water Utility Reserves WITHOUT a Merger: The City of Pewaukee’s sewer utility is projected to face an estimated $4.4 million for capital costs through 2025, while the Village’s sewer utility capital costs are estimated at $4.9 million through 2025. So, moving forward as separate municipalities, the Village and City are projected to have a total of $9.3 million in sewer utility capital projects.
Related Questions
- In the future, will the Reserve accept projects located in other countries aside from Canada and Mexico, i.e. Colombia, Brazil, Chile, etc?
- Does the Board utilize a reserve study to schedule future maintenance projects and accurately forecast budget needs?
- What happens to the tax rates after the utility reserve funds are spent?
