Bloomington board warned sewer utility faces $60,808 shortfall; possible 42% rate hike deferred
Village leaders say the sewer utility projects a $60,808 net loss next year; funding the gap by rates would require a 42.35% increase. The board delayed a final decision to December to collect more detailed impact figures.
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Village President Robert McLimans told trustees the sewer utility is projecting a net loss of $60,808 for the coming year and that closing the gap with rates would require a 42.35% increase. "According to the budget, the sewer utility is projecting a net loss of $60,808 in the coming year," McLimans said, and the board discussed whether that increase should be applied to the base quarterly fee or to usage charges.
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