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HomeMy WebLinkAboutBudget Work Session 03-27-25Town Council Budget Work Session March 27, 2025 The Vice -Mayor called the meeting or order at 6:01 p.m. and asked for a roll call. Jeremy L. Clark- Aye G. Tyler Clontz- Absent Mayor Collins- Absent Sunshine N. Cope- Absent Steven W. Erickson- Aye Brooks R. Dawson- Aye Joel B. Burchett- Aye 2. Mayor Collins joined the meeting at 6:38 p.m. 3. The Town Council discussed the 2025-2026 budget, focusing on water and sewer projects. Key points include a $25 million water plant upgrade with possible principal forgiveness, and a $1.7 million backwash tank project. The water fund's revenue is projected to rise $601,000, with a $296,700 annual debt service payment for the water plant. The water fund's budget includes $150,000 for water line replacements. The council emphasized the need for transparency and long-term planning to address systemic issues and ensure sustainable funding. The Town Council discussed the proposed budget for water and sewer rates. Water rates will increase by an average of 26% for inside usage and outside rates will be 25% more than inside, which was discussed in the rate structure meeting. Sewer rates will rise by 6.35% across the board. The council highlighted the need for significant investments in pump stations, with a $180,000 cost per pump. The sewer system faces critical issues, including outdated equipment and maintenance challenges. The council emphasized the importance of balancing rate increases with the town's financial health and future development. Transparent communication and strategic planning were also stressed to mitigate community impact. 4. With no further business, the Mayor adjourned the meeting at 8:50 p.m. ATTEST Olivia C. Hale Clerk of Council TOWN of PULAS VIRGINIA W. Shannon Collins Mayor Page 1 of 1/ March 27, 2025