Some Champaign County residents may see a slight increase to their water bill due to a rate hike approved by the Illinois Commerce Commission, a State agency. From the News-Gazette:
Rate increase taking effect next Friday
Aqua Illinois customers in Champaign and Vermilion counties soon will pay a little more every time they turn on their faucet.
But the water rate hike approved by the Illinois Commerce Commission this week is significantly lower than the increase the utility company originally requested 10 months ago.
Under the increase, which takes effect Friday, the average monthly residential bill will go from $55.34 to $57.15 — an increase of $1.81...
In May, Aqua Illinois asked the ICC for about a $12 million increase to pay for infrastructure improvements to increase reliability and water quality throughout its systems. Under that scenario, the average residential bill would have increased by $5.42 a month to $60.76.
Ervin said the lower rate was made possible by the Tax Cuts and Jobs Acts of 2017, aimed at cutting taxes on individuals and businesses, stimulating the economy and creating jobs. It substantially reduces the corporate
tax rate from a maximum of 35 percent to a flat rate of 21 percent, and is estimated to save the water company about $4.5 million.
Full article
here.
No comments:
Post a Comment