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Utility Billing        Current Rate Study

Current Rate Study

Evaluating Current Development Impact Fees

The City of Prescott is evaluating current development impact fees and utility rates. The study will guide the City Council on setting rates and fees to pay for both the projected future infrastructure needs of the city and utility operations. This page will contain information about the combined process.

  • View Rate Study Info
  • Development impact fee Study Info

Rate Study

Main Objective

The main objective of the utility rate study includes developing financial plans for the water and wastewater enterprises to ensure financial sufficiency, meet operation and maintenance costs, ensure sufficient funding for the capital replacement and refurbishment needs, and maintain the financial health of the enterprises.

Cost-of-Service Analysis & Rate Design

That main objective is then balanced with a cost-of-service analysis by customer classes, and design rates consistent with the City’s priorities that recover customer class cost of service.

Integration with Development Impact Fee Study

This rate study will be done simultaneously with the development impact fee study to balance which capital project needs are attributed to new development and can be recovered through the development impact fees.

MEETING SCHEDULE 

The schedule of events for meetings is in the table below and the associated documents will be posted as they become available.

TypeDateDescriptionDocument
Council MeetingFebruary 13, 2024Adoption of Notice of Intent (Revised), set public hearing date for utility ratesPDF
Public NoticeApril 27, 2024Publish “Water and Wastewater Rate Study Report – Apr 26, 2024”PDF
Council WorkshopMay 14, 2024Study session on utility ratesPDF
Council MeetingMay 28, 2024Public hearing and adoption of utility rates 
Effective Date for RatesJuly 1, 2024New utility rates in effect 

Development Impact Fee Study

Investing in City Infrastructure

Development Impact Fees for infrastructure are assessed to contribute to costs associated with various infrastructure and necessary public service improvements that need to be expanded as a direct result of development within the City of Prescott. 

New development areas can require substantial investment and construction of capital facilities before or in conjunction with future development depending on the location of the development and existing infrastructure.

Meeting Schedule 

The schedule of events for meetings is in the table below and the associated documents will be posted as they become available.

TypeDateDescriptionDocument
Public NoticeMarch 26, 2024Publish Infrastructure Improvement Plan and the Land Use Assumptions for the Development Impact Fees

NON-UTILITY

UTILITY

Council WorkshopMay 14, 2024Study session for impact fees (Infrastructure Improvement Plan and Land Use Assumptions)

NON-UTILITY

UTILITY

Council MeetingMay 28, 2024Public hearing on the Infrastructure Improvement Plan and Land Use Assumptions 
Council WorkshopJuly 9, 2024Study session on impact fees

NON-UTILITY

UTILITY

Council MeetingJuly 9, 2024

Adoption of the Infrastructure Improvement Plan and the Land Use Assumptions

Adopt Notice of Intent and set public hearing on impact fees

IIP

NOI

Public NoticeJuly 12, 2024
Publish Impact Fee Reports Non-Utility and Utility

NON-UTILITY

UTILITY

Council MeetingAugust 13, 2024Public hearing on impact fees 
Council MeetingOctober 8, 2024

Adoption of impact fees

Final report

FEES

NON-UTILITY

UTILITY

Effective Date for Impact FeesJanuary 1, 2025New impact fees in effect 

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