City commissioners on Tuesday received a comprehensive overview of Manhattan’s utility rates, budget planning and property valuations, with city staff outlining the city’s financial health and future challenges.
Director of public utilities Kevin Niles is recommending a 3% increase in water and wastewater rates to keep up with rising costs, fund critical maintenance and avoid any sharp rate hikes in future years.
“We starting to see a divergence where expenses are projected to rise faster than revenues without additional rate adjustments,” he said. “We recommend the 3% increase to close the gap and maintain financial balance.”
