2018 Budget Proposed

Posted Wednesday, November 15, 2017

Water is essential to our daily lives, but few people stop to consider its value and importance, especially when compared to bottled water and other everyday products.

Skagit PUD’s water costs less than a penny per gallon—a true bargain considering the energy and expertise it takes to treat and deliver safe and reliable water to homes and businesses day in and day out.

In order to continue providing safe and reliable drinking water, while maintaining and replacing the PUD’s existing assets, a rate increase of 8.5 percent or approximately $3.89 per month for the typical residential customer is proposed for 2018.

Approval Process

Skagit PUD’s budget process occurs in three stages: Preliminary, Proposed, and Adopted. The Preliminary Budget was submitted to the PUD’s Board of Commissioners before the first Monday in September. It consisted of a first pass at compiling a large number of budget estimates and balancing proposed expenditures against projected revenues.

The Preliminary Budget was the subject of budget workshops in September. PUD staff then made changes in response to Board feedback and further research. A public hearing on the Proposed Budget was held on October 2.

After the public hearing, Board members directed further changes to the budget, which will be included into the Adopted Budget that is binding at the outset of the 2018 calendar year.

The proposed 2018 budget incorporates the 8.5 percent rate increase presented in January 2016, as part of a multi-year financial forecast. The proposed rate increase would go into effect January 1, 2018. Total rate revenue is projected to be $22.6 million in 2018.