The Town of Wilkeson recently conducted 2 studies with our Engineering firm. These studies were conducted on our Wastewater Facilities as well as an update on our Water Comprehensive plan. A portion of the study looks at the overall health of our system and infrastructure and creates a need-based capital improvement program. Based on the needs of that program, a rate structure is created, that includes incremental increases. The plans call for a 5% increase, annually, through the plan’s expiration. These increases are aimed to keep on pace with the funding reserves necessary to secure funding for these projects.
All monies that are brought in through utility payments are segregated into their own “Enterprise Fund.” Enterprise Fund revenues are separated and are required to be used for the expenses within that specific fund.