Lebanon FY 25 Budget proposes rate increase

The Lebanon City Council heard information on the FY 2025 Proposed Budget during a work session on Thursday. In the budget is proposed city expenditures totaling over $73-million-dollars. During a report to Council on Finance Director Kat Gill shared that increasing cost of materials has them proposing an increase in water utility rates….

The proposed rate increase for water is $3.01 for the residential user fee, no change for the first 7,000 gallons and a 30 cent increase per thousand gallons at 93,000 and over. There is also a proposed rate increase for electricity due to rising costs….

The proposed rate increase for city electric includes a $3 increase to the Service Availability Charge and per kilowatt hour increase from point 9-7-9 cents to point 10-2-6 cents beginning in February 2025, with the average residential customer seeing an increase of $8.58 per month. Commercial and industrial customers will also see an increase. The proposed budget has to be approved by City Council before July first.