Cash reserve policy change
Summary
Commissioner Greg Hitt floated revisiting the utility's cash reserve policy — possibly moving to a 'days cash on hand' standard like Tucson Water's 90 days — during the water rates analysis kicking off at the November 9 meeting. The rates discussion starts next month.
At a glance
- Total mentions
- 2
- Last 30 days
- 2
Discussed at 2 meetings in the last 60 days; most recently Nov 9, 2026.
Impact analysis
Could shape how much reserve the utility holds and how future rate increases are structured.
Ratepayers could see more predictable, better-justified rates.
Mentions & discussions (2)
Water Utility Commission — November 9, 2026
Staff proposed replacing the current 20%-of-expenses reserve rule with an industry-standard 90 days of operating cash plus 20% of annual debt service — a more conservative cushion that also matters for bond ratings. It needs finance department and council approval, and the commission took it under advisement.
Water Utility Commission — October 12, 2026
Commissioner Greg Hitt floated revisiting the utility's cash reserve policy — possibly moving to a 'days cash on hand' standard like Tucson Water's 90 days — during the water rates analysis kicking off at the November 9 meeting. The rates discussion starts next month.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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