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Increasing rates for water utility services will continue at an escalating pace for the better part of the next twenty years. Aging infrastructure, regulatory requirements, a shrinking workforce, and changes in technology will continue to be major cost drivers. The US Conference of Mayors expects rates for water utilities to double, triple, and even quadruple as these issues unfold. Having a solid and repeatable rate setting framework in place will be your best practice in planning for and preparing your community to adapt. StepWise can help you get prepared and stay that way with our host of financial services.
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