2026-03-16 Village of Lisle Committee of the Whole

The Village of Lisle Committee of the Whole meeting on March 16, 2026, focused primarily on a comprehensive water and sewer rate study and the proposed fiscal year 2026-2027 budget. The rate study, conducted by eighteen ninety eight and company, recommended multi-year water rate increases of 9% for the first two years followed by 7% annually, and sewer rate increases of 1.5% annually to address rising operating costs, capital needs, and to maintain financial sustainability. The study included analysis of the village's wheeling agreement with Illinois American Water and proposed increasing late payment penalties from 5% to 10%. The board discussed the impact of these increases on residents and considered tying future rate adjustments to a Bureau of Labor Statistics benchmark rather than CPI to better reflect utility cost inflation. The budget presentation outlined total revenues of approximately $51.9 million and expenditures of $58.9 million, with a planned use of reserves to fund capital projects including road rehabilitation, floodplain property acquisition, and the Main Street streetscape project. The board approved the proposed rate increases and budget framework, emphasizing the importance of funding capital improvements through user fees and maintaining healthy reserves. No changes to connection fees were recommended, and the board expressed consensus on the need for the rate adjustments despite their size.