On Wednesday, September 14th the Chicago City Council approved a new water and sewer tax that will go into effect in 2017.

The tax will start at 7% of the water and sewer bill in 2017 and increase 7% every year to 28% by 2020. This tax is on top of an annual rate increase determined by the applying the previous year's rate of inflation as determined by the Consumer Price Index.

Current inflation rates have hovered around 1% for the last year, however they have ranged from 2.1 to .1 since 2012. HausFS is recommending a 10% increase to Water and Sewer budgets for 2017 to account for both a rate increase and the added 7% tax. This should give most associations plenty of wiggle room for their water and sewer expense in 2017 and is still lower than historical increases of 15%.

It's a great time to start thinking about how your association can save water to reduce your overall water and sewer bill and to investigate potential leaks.

(Note that for buildings receiving waste removal service from the City, there is now an additional $9.50 per unit Garbage Fee added to your water and sewer bill. City pickup is available to buildings of 4 units or fewer.)

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