Archive for the ‘rate studies’ Tag

COT Clarifies Use of Reserves

Tallahassee Reports has written about the $172 million in reserve funds the City of Tallahassee has tucked away. Part of the $172 million includes approximately $95 million in a “rate stabilization fund.”

During an informative discussion with Assistant City Manager Raoul Lavin, he detailed the parameters regulating the use of the rate stabilization fund.

The uses of the fund are limited to four categories. Each category has a minimum and maximum target level. They are as follows: Rate stabilization ($23-$50 million), Future Generation Needs ($37-$74 million), Retirement of Debt ($62-$116 million) and Fuel Hedging Program ($30 million).

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