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The City of Laramie needs to make significant improvements in it's water and wastewater infrastructure.
Following a competitive request for proposal (RFP) process, in August 2008 the City of Laramie engaged Red Oak Consulting (Red Oak) to conduct a water and wastewater cost of service rate study. Red Oak’s scope also included identification and comparison of the City’s utility performance against industry benchmarks and facilitation of stakeholder committee meetings.
The utility financial plan indicated the need to increase water and sewer revenues between 15% and 20% annually over the next five years, through 2013. Such increases are required to fund increasing operations and maintenance expenses, fund the capital replacement program, satisfy debt service coverage requirements, and provide adequate reserves. Additional revenue requirements will, in turn, result in the need for annual increases in water and sewer rates.