UTILITY RATE (COMBINED WATER/SEWER RATES) PER 1,000 GALLONS OF WATER USED ON A MONTHLY BASIS
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Existing Rates | Proposed Rate Increases | ||||||||
April 1, 2016 | May 1, 2016 | May 1, 2017 | Sept. 1, 2017 | May 1, 2018 | Sept. 1, 2018 | May 1, 2019 | May 1, 2020 | May 1, 2021 | |
Water | $3.79 | $3.90 | 2% increase, plus CPI | N/a | 2% increase, plus CPI | N/a | 2% increase, plus CPI | 2% increase, plus CPI
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2% increase, plus CPI
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Sewer | $4.29 | $4.85 | 2% increase, plus CPI
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Increase of $1.59 | 2% increase, plus CPI
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Increase of $1.59 | 2% increase, plus CPI
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2% increase, plus CPI
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2% increase, plus CPI
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Notes: 1. The most recent Illinois Extension Limitation factor (CPI increase) as determined by the Will County Clerk’s Office per the regulations set forth in the Property Tax Extension Limitation Law, ILCS Ch. 35, Act 200, § 18-185. 2. Formula is: Previous Rate + 2% + CPI = New Base Rate. | |||||||||
(Ord. 1311, passed 7-16-90; Am. Ord. 1476, passed 9-19-94; Am. Ord. 1570, passed 5-6-96; Am. Ord. 1680, passed 1-20-98; Am. Ord. 1860, passed 6-4-01; Am. Ord. 2005, passed 8-4-03; Am. Ord. 2676, passed 10-4-10; Am. Ord. 3011, passed 2-16-16; Am. Ord. 3093, passed 6-19-17)