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Board discusses $30 debt-reduction fee on utility bills; fee remains under board control
Summary
Trustees reviewed the quarterly debt-reduction fee applied to utility bills (explained as used to pay IEPA loans), clarified how it is assessed and noted the fee remains on bills until the board decides to remove it.
Trustees asked how the village's debt-reduction fee is being used and whether it is permanent. Treasurer Cindy explained the fee is collected to help pay IEPA loans and that it has remained in place historically; the board discussed whether it should continue once loans are retired.
"The debt reduction is being used, to help reduce, like, these payments we have for IEPA," Treasurer Cindy said in response to trustees' questions. She noted the fee is broken out as a separate line item and that even if loans were paid, the fee would remain on bills until the board chooses to remove it. Trustees did not vote to change the fee at this meeting but kept the item on the agenda for future discussion, including confirming precise per-billing-period amounts and which customers pay the fee.
