Rate increase necessary to improve aging infrastructure, but trustees question water fund’s history.
The Lake Zurich village board approved a water rate increase of 15 percent, at Monday night’s village board meeting. The rate increase was necessary because water and sewer fund revenue does not cover expenses and the fund is struggling to keep up with an aging infrastructure, according to Finance Director Jodie Andrew. Residents’ water rates will increase by 7.4 percent on May 1, 2013, and another 8 percent on May 1, 2014. Andrew said the average household of four, using 8,000 gallons of water per month, will see an increase of $6.88 per month this year. The water rates were increased by 25 percent last January. At that time, the village considered raising the rates even higher and tentatively agreed to a rate increase for August. …
Trustees plan to vote at Dec. 19 meeting on how much of a rate hike residents will see on bills starting in February.
The Lake Zurich Village Board is planning to vote at its last meeting of 2011 on how much of a water and sewer rate increase will be implemented to help bring the fund back into the black. At the board meeting Monday, Public Works Director Dave Heyden said the situation is dire. “If we don’t act by Jan. 1, the actual fund will be at zero or in the negative by April 30, 2012,” Heyden said. “I am asking for a raise of some amount due to depreciation and the cost of capital improvements.” Several different scenarios were presented to provide for a "step" increase so residents don’t see huge spikes all at once on their bills. Among the proposals from village administration is an initial increase of 40 percent, which would represent a 24 …
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Lake Zurich Village Hall
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Disgruntled
5:42 pm on Monday, February 11, 2013
Show up, ask questions & demand answers! Haven't you taken this stuff long enough? more ›