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Aurora, Illinois

File #: 25-0471    Version: 1 Name:
Type: Information/Discussion Only Status: Filed
File created: 5/30/2025 In control: Committee of the Whole
On agenda: 6/3/2025 Final action: 6/3/2025
Title: A presentation on planned water rate adjustments for July 1 of 2025 and 2026.
Attachments: 1. 25-0471 Presentation

 

TO:                     Committee of the Whole

 

FROM:                     Chris Minick, Chief Financial Officer

                                          Jason Bauer, Interim Director of Public Works

                                          Robert Leible, Superintendent of Water Production

 

 

DATE:                     June 3, 2025

 

SUBJECT: title

A presentation on planned water rate adjustments for July 1 of 2025 and 2026.

body

BACKGROUND AND DISCUSION:

Historically, the city has adhered to the practice of adjusting its rates for water and sewer service moderately each year rather than imposing larger increases at irregular intervals.  The rates are adjusted in order to keep pace with the cost increases associated with the operation and maintenance of the water and sewer systems within the city. 

 

Staff is proposing a modest rate adjustment in both 2025 and 2026 to address operational needs of the system and the implementation of the Capital Improvement Plan.  This rate structure allows for a prudent level of funding for system operations and maintenance while simultaneously respecting and acknowledging inflationary trends.

 

A history of the city’s Class 1 water and sewer service rates per 100 cubic feet of water consumed (i.e., the consumption charge rate) since 2014 is shown below.

 

                                                                                                                                                   Amount of                                          Percentage

                     Effective Date                     Rate*                                                               Increase                                          Increase

                     July 1, 2014                                          $4.65                                                               $0.25                                                               5.68%

                     July 1, 2015                                          $4.80                                                               $0.15                                                               3.23%

                     July 1, 2016                                          $4.95                                                               $0.15                                                               3.13%                     

                     July 1, 2017                                          $5.05                                                               $0.10                                                               2.02%

                     July 1, 2018                                          $5.15                                                               $0.10                                                               1.98%

                     July 1, 2019                                          $5.35                                                               $0.20                                                               3.88%

                     July 1, 2020*                                          $5.35                                                               $0.00                                                               0.0%

                     July 1, 2021*                                          $5.50                                                               $0.15                                                               2.80%

                     July 1, 2022                                          $5.80                                                               $0.30                                                               5.45%

                     July 1, 2023                                          $6.20                                                               $0.40                                                               6.90%

                     July 1, 2024                                          $6.60                                                               $0.40                                                               6.45%

 

                     *Rates deferred or reduced due to COVID 19 pandemic

 

Staff will conduct a detailed presentation corresponding to the suggested rate increases for 2025 and 2026.