McHenry residents’ water rates are set to rise.
The McHenry City Council voted to raise its water rate by 6%, and sewer rates will remain at the existing rate of $4 per 1,000 gallons. Water rates will go up to $3.54 per 1,000 gallons for residential users. The previous rate was $3.34 for the same usage, according to city documents.
McHenry bills residents bi-monthly. Rates will go up by 60 cents for people using 3,000 gallons of water; by $1 for people using 5,000 gallons of water; by $1.60 for people using 8,000 gallons of water; and by $2 for people using 10,000 gallons of water, according to city documents.
“While the monetary variance is different based on usage, the overall percentage increase for water and sewer combined all users regardless of usage is 2.7%,” said Finance Director Carolyn Lynch in a memo to the City Council.
The city’s water division is projected to have operating expenses of $2,362,277 in the upcoming fiscal year. Operational revenues would total $2,250,276 if the city had kept water rates as is, according to city documents.
Those revenues are expected to total $2,379,112 with the new rates, according to city documents.
The city’s sewer division makes more than it spends by about $42,000, according to city documents.
“The excess revenues over expenses is not significant, and rates cannot be decreased in order to still meet operational needs, so the rates will remain unchanged,” Lynch wrote.