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Lake Bluff finance committee hears staff recommendation for 5% water-rate increase to fund infrastructure work
Summary
Staff recommended an initial 5% water-rate increase, followed by lower annual increases, to accelerate water infrastructure investments and reduce the average age of the water system; the committee agreed to start with the 5% increase and reevaluate.
On March 10 the Village of Lake Bluff Finance Committee reviewed the water fund budget and rate analysis and heard staff recommend an initial 5% water-rate increase to accelerate replacement and repairs of aging water infrastructure.
Staff explained the village's water distribution system is dated and that the village is experiencing more…
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