Do rate changes effect the water and sewer bonds?

Yes. The Town used Revenue Bonds to pay for improvements on the systems as recently as 2015. A Revenue Bond requires that the organization pledge the revenues of the systems to repay the debt. The Town separates the amounts on your bill so that users can see the amount of their overall rate is committed to repayment of the bonds. However, ALL revenue generated by the water and sewer systems has an affect on the bond requirements the Town must adhere to.