Consultant recommends water rate increase in Wauconda
A consultant has recommended higher water rates but lower sewer rates for customers in Wauconda.
The recommendation from Speer Financial Services could result in a 24-percent billing increase annually for residents and other water users, according to the Chicago firm's report.
Public works Director Brad Fink summarized the report Tuesday night during the village board's committee-of-the-whole meeting. The panel took no action on the proposal.
Fink raised a few concerns about the recommendations. He noted the proposed increase in the water rate was based on a 2012 spike in operating expenses.
Similarly, the village experienced a spike in revenue in 2011, Fink said.
Fink wants to get explanations for those two changes before the board acts on Speer Financial's report. Mayor Mark Knigge asked him to expedite his work, and Fink said he would.
The village has more than 5,400 water customers. Rates differ if the customer is residential, a business or an industrial site.
The water system had a 2012 operating deficit of $462,997, according to Speer's report.
The company recommended increasing fees for water service to raise more than $1.3 million to cover the deficit and future debts.
The report also recommended annual increases. It suggests 4 percent bumps.
Conversely, the sewer system had an operating surplus of $480,832, according to the report. As such, the consultants recommended decreasing the sewer rates to save customers a total of $400,000 annually.
Speer estimated the typical customer's annual bill at more than $693. If the rates are adjusted as the company recommends, that sum would jump to more than $861 annually.
- Share Facebook Twitter
Article sent to (required)E-mail
Article sent from (required)E-mail Name
Subject Line (article title)
Message (optional)Success - Article sent Click to close
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.Need more information about reprints? Visit our Reprints Section for more details.
Contact information ( * required )Name * Company Telephone * E-mail *
Article InformationTitle URL
Message (optional)Success - Reprint request sent Click to close