Chicago Mayor Proposed Water Hike!

By Mon Sherie, Contributor

The City of Chicago is definitely in need of money to overcome their financial troubles!  Chicago Mayor Rahm Emanuel has proposed a budget that calls for a whopping 70% hike in Lake Michigan water rates over the next four years.  This proposal will increase the price of Lake Michigan water by 25% in 2012 and then by 15% each year for three years. 

Majority of the suburbs of Chicago gets their water from Lake Michigan and this rate hike will increase water bills for much of the suburbs of Chicago that uses Lake Michigan water as their main source.

The new proposed rate hike in water will further put a squeeze on the financially strapped Chicago suburban consumers.  Homeowners and renters can now add this substantial increase to their ever increasing sustenance living expenses.

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