25LINKBUDGET(FULL) - Flipbook - Page 67
City of Plymouth 2024 / 2025 Budget
remained steady for four consecutive fiscal years until July 1, 2013. That year, the expected
increase in contract rates for waste and recycling pickup, combined with six consecutive
years of reduced tax revenues, prompted an increase in the cart rate from $9.42 per month to
$10.00 per month.
This rate persisted into fiscal year 2014/15, at which point a new, slightly lower rate of $9.50
was introduced. This adjustment reflected lower waste removal costs and slightly higher
recycling costs in the new contract. With the adoption of our most recent contract, recycling
costs continued to climb, leading to the implementation of a new rate of $10.25 beginning
January 2020.
For the new fiscal year, the City still contends with financial pressures stemming from rising
liabilities linked to legacy costs, alongside funding for contract cost increases included in the
waste and recycling contract, which is set to expire at the end of 2024. Despite these
challenges, the Waste & Recycling Fund has accrued a stable fund balance over the years.
Considering this financial stability, no changes are proposed to either tax rates or service
charges for the current year. Our recommendation is to maintain the current millage rate of
1.82 mills, the cart rates of $10.25 per month, and the rate of $3.00 per bag.
Listed on the following page is some key historical financial data related to the waste and
recycling program.
25BINTRO-17-W&RRD.DOCX
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