For four years following the new base-rate structure, we will continue to adjust the base rate upward and the variable rate downward so that rates are more closely aligned with the actual cost of providing service. The base rates each year are:
- Fiscal Year 2020: $21
- Fiscal Year 2021: $25
- Fiscal Year 2022: $30
- Fiscal Year 2023: $34
During each of those years, the variable rate will decrease.