Rate Increase FAQ
What would happen if the proposed rate increase were to be rejected?
Since there is consensus on the board that a rate increase is imperative, SLVWD would probably restart the rate study process and devise a new rate increase proposal as soon as possible. Given the complicated process involved, it could take six or more months before a revised rate increase could be implemented.
Note that if this were to occur, the new rate proposal would need to address the additional six months or more of insufficient revenue (totaling at least half a million dollars) and the reserve funds would likely be depleted further. This could expose SLVWD to increased financial risks in the event of, say, further storm damages this winter.
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