Rate Study - Rate Increases
Based on the SAC recommendations, the township board authorized a rate study that was done in October 2024 to determine where rates should be.  As most are aware, a rate increase has not been done for many years. 

It was determined that an increase from $31.50 BWL/$32 LWL per month (Billed bi-annually) to $45.00 for billing in October of 2024 until the study was completed (just after billing). 

There was a meeting at TC High School back in June 2024 to discuss the future needs and a potential rate increase, however, this meeting was not heavily attended. 

The projection should be updated yearly with the budget process as expenses and capital materialize.  The rate track should be reviewed annually to ensure it is sufficient, as the example below is based off the best information known today.    
 

Based on the findings of the Rate Study and the needs of the sewer system, below is the suggested rate progression from the Study:
10/1/2024   Fiscal 2024-25    $45.00  per month (Oct 24 billing $270)

4/1/2025   Fiscal 2025-26   $49.50 per month ($297 bi-annually)

4/1/2026    Fiscal 2026-27    $54.45 per month ($326.70 bi-annually)

4/1/2027    Fiscal 2027-28    $59.90 per month ($359.40 bi-annually)

4/1/2028    Fiscal 2028-29   $65.88 per month ($395.28 bi-annually)