The rating on Cedar Hill, Texas' water and sewer revenue bond rating reflects the limited financial flexibility due to already high combined water and sewer system's rates, and the additional burden of funding Cedar Hill's portion of the construction of Joe Pool Lake. Lending stability to the rating is the city's proximity to the Dallas Metropolitan area, and the System's adequate financial operations. Water and sewer rates are above average at $63.22 a month based upon 10,000 gallons of usage. The city project rates to increase to $67.48 per month by 1998 in order to service the city's capital improvement plan, which includes an additional $1.5 million in debt in 1996, and the city obligation to pay for their 43%
