1. MID's proposed 2027 budget requires no rate increase for customers. This is the third budget workshop for the fiscal year 2027 budget cycle. Staff emphasized that the overall budget is balanced and no rate action will be needed going into 2027. The district's strong financial position was further underscored by a successful bond refunding that will save ratepayers over $7.7 million in net present value, with savings from 2027 through 2040, with annual savings ranging from roughly $400,000 to $900,000 depending on the year.
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