Raftelis Financial Consultants, Inc. (Raftelis) was engaged by Baltimore City Department of Public Works (DPW) in 2018 to undertake a Financial Planning Study (Study). The purpose of this Study was review and projection of revenues and expenditures within the DPW Water, Wastewater, and Stormwater Enterprise Funds (collectively, the utilities). As a result of the Study, Raftelis developed revenue adjustments, or rate increases, necessary to support the operation, maintenance, capital investment, and financial health of the utilities over a multi-year forecast period. Read entire report