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Committee backs larger 2026 lead service-line replacements after IEPA 0% loan authorization
Summary
After IEPA approval for additional 0% bypass loan authorization on June 25, trustees agreed to recommend budget amendments to replace a total of 225 lead service lines in 2026 at an estimated combined cost of about $3.7 million.
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Finance staff told the committee that the Village originally budgeted to replace 91 lead service lines in 2026 as part of the road program but, after receiving additional IEPA authorization on June 25, the Village can replace an additional 134 lines. The incremental replacements are estimated at $2.26 million, increasing the 2026 total to roughly $3.7 million for 225 replacements.
Trustees reached a consensus to recommend the budget amendment recognizing the additional replacements and corresponding IEPA loan reimbursements. Finance Director Melinda Molloy explained that the IEPA loan structure reimburses actual expenses and that the amendment would document both the expense and revenue in 2026, avoiding a management item in the audit.
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