Chicago Water Revenue

Issue 22 and Volume 61.

Chicago Water Revenue The finance committee of the city council of Chicago, Ill., recently voted to increase the water rates by $1,289,000 annually. This would be done by reducing the discount allowed consumers from 25 to 10 per cent. if paid within fifteen days. The present rate was established at the instance of former Mayor Harrison shortly before he left office. The discount previously had been 15 per cent. The water department reported that the reduction made has impaired the water fund There was a surplus of $1,500,000 in the fund on January 1, but it was estimated it would be wiped out by the end of the year unless water rates were increased. The present discount operates to reduce the water department revenue as follows: Assessed rates, $1,041.74; meter rates, $999,004. Total, $2,040,748. The water department has approximately 300,000 accounts on its books, and the net annual revenue is…

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