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Village board hears wastewater facilities plan, staff says 10-year sewer rate path could total about 55%
Summary
Engineers and staff presented a facilities plan and financial management plan for the sewer utility that assumes Clean Water Fund loans, no principal forgiveness, and would require phased rate increases that add to roughly 55% over 10 years under current assumptions.
Village staff and the village's engineering consultants presented a wastewater facilities plan and a 10-year financial management plan to the Village Board that maps out projects, funding sources and potential sewer rate increases. Brian, an engineer with Ellers, told the board that under the plan’s assumptions the sewer utility would need about a 55% cumulative rate adjustment over 10 years and that equates to roughly $14.50 per quarter (about $58 per year) for an average user billed on a 10,000-gallon quarterly basis.
The plan is intended to align the sewer utility’s financial management plan with the facilities plan and to keep the utility fiscally self-sustaining, Brian said. He described the modeling assumptions: a 3% annual increase in operation and maintenance, funding major…
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