HomeMy Public PortalAboutExhibit MSD 1D - Section 5.4 AddendumExhibit MSD 1D
Addendum
Paragraph one of Section 5.4 on page 5-9 of the Rate Change Proposal should be amended as
follows:
Meeting the proposed increased level of SW service beginning in FY17 requires that the
District develop a more equitable and consolidated SW charge. The District is proposing
to seek voter approval to assess a District-wide SW tax to replace the current SW O&M
Tax and flat rate charges. The proposed District-wide tax rate is $0.10 per $100 of
assessed property value. The subdistrict specific OMCI taxes will be set to $0.00 as part
of this Rate Proposal as well; however, the regulatory tax will remain in place. Charging
this new SW District-wide Tax will provide the District with the necessary funding to
meet the operating requirements of the expanded service levels. Additionally, this
proposed structure will eliminate the disjointed revenue sources and provide a funding
source that allows for a cohesive plan across the entire District.