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Permanent Increases are a bad solution for Temporary <br /> Shortfalls <br /> Temporary charges are depleting the Water Enterprise reserve fund <br /> • Water supply alternative project"design"cost is a temporary charge <br /> • Loss of well revenue (due to them being shut) is a temporary problem <br /> • The pump being bought/ leased is being amortized over 5 years vs it's lifetime (40 yrs.) creating artificially huge temporary payments <br /> A PERMANENT rate hike is being proposed to mitigate / fund the above TEMPORARY problems. <br /> • The PERMANENT rate hike as proposed will "increase" city revenues by $40M over 3 years !!!. <br /> • It will replenish the projected TEMPORARY reserve shortfall of$25M and then some. <br /> 4.0.�a.,.._.y <br /> ,that goes away once these temporary costs are <br /> addressed. <br />