Live Stream Study Session- Water Rate 6:00 PM 06-22-2026

The City of Lincoln Park held a study session on June 22, 2026, to review options for adjusting water and sewer rates based on a comprehensive 10-year financial model. The presentation detailed four rate adjustment options designed to meet the city's cash flow needs, cover operating and capital expenses, and maintain target working capital reserves. Key procurement-related discussions included the impact of existing and planned bond issues totaling approximately $28 million for water projects, the readiness to serve charge, and the variable volume rates. The council examined the trade-offs between front-loading rate increases versus smoothing them over time, with considerations for water loss reduction, meter replacements, and the financial burden on residents. The session emphasized the importance of balancing fiscal responsibility with affordability, especially for low- and fixed-income households, and highlighted ongoing capital improvement needs such as water main replacements. No final rate decision was made, but the council was informed to guide future budget and procurement planning.