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Itasca board accepts water and sewer rate study, approves Alternative 4
Summary
The Village Board accepted a Stanley Consultants rate study for FY25–FY29 and approved Alternative 4, designed to preserve reserves and fund planned capital work; average residential water rates would rise about 1.5% and sewer rates about 4% starting in FY26 under the approved plan.
The Itasca Village Board voted Oct. 15 to accept a comprehensive water and sewer rate study prepared for fiscal years 2025–2029 and approved "Alternative 4," which village staff and consultants said best meets objectives to preserve operating and capital reserves and to finance planned infrastructure without immediate additional revenue collections from ratepayers.
Trustee Powers, who presented the Finance Committee item, said the study aims to maintain a 45‑day operating reserve in the water and sewer fund and to hold…
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