Water Rate Study, Red Bank, NJ

Client: BOROUGH OF RED BANK

The Borough of Red Bank owns and operates its own water and sewer utility which comprises of two water treatment plants and a water distribution system as well as a wastewater collection system. The Borough produces and treats water between the months of May to November each year and purchases bulk water from New Jersey American Water the other months. Additionally, Red Bank pays Two River Water Reclamation Authority for wastewater treatment. The Borough of Red Bank had not raised utility rates in nearly ten years and needed to budget and plan for several large capital improvement projects. The Borough of Red Bank hired ENGenuity to project water and sewer utility expenses for the next ten years and to determine rates for the initial three years but include a plan for increases over the next five years. The initial work focused on a ten (10) year capital improvement plan for water and sewer infrastructure and maintenance, and on assessing the adequacy of current rates to meet current expenses and how those rates may change over time. The Borough adopted new rates in July 2024 based on the study.