What if the Clean Water Utility didn exist?
The average residential home in the village will pay $36 per year to the Clean Water Utility. If the Clean Water Utility was not created the Village would still be responsible to fund the state mandate forcing us to address the issues of storm water quality, runoff and management. Without an enterprise utility the village would need to fund operations and capital improvements by increasing the property tax levy. Adding $819,000 to the property tax levy would increase the tax rate by $0.3251 per $1,000 of value. This would increase the property tax on the average valued home in the village by $87.99. An annual utility fee of $36 versus a property tax of $87.99 highlights the benefit of funding through a utility. There is more than $1 Billion of property in the village that is exempt from paying a property tax but not from paying a utility bill. A separate Clean Water Utility allows the Village to collect money from land owners that are exempt from paying property taxes. As an example, t
