123 Madison Street  
Oak Park, Illinois 60302  
Village of Oak Park  
Meeting Agenda  
Finance Committee  
Tuesday, September 9, 2025  
6:00 PM  
Room 201  
A Finance Committee Meeting will start at 6:00 p.m. in Council Chambers (Room 201)  
The President and Board of Trustees welcome you. Public comments may be made by  
individuals at the beginning of the meeting, as well as when agenda items are discussed.  
If you wish to provide public comment, complete the "Instructions to Address the Village  
Board" form which is available at the back of the Chambers and present it to the Village  
Clerk at the Board table. When recognized, approach the podium and state your name  
first. If you wish to provide comment by virtual means, contact the Village Clerk's Office  
prior to 5:00 p.m. on the day of the meeting by calling 708-358-5670 or by email to  
publiccomment@oak-park.us. Your camera must remain on while speaking. Please  
limit your remarks to three minutes.  
Instructions for Non-Agenda Public Comment  
Non-agenda public comment is a time set aside at the beginning of a meeting for  
individuals to speak about an issue or concern that is not on that meeting's agenda. It is  
not intended for a dialogue with the Board. Non-agenda public comment is limited to 30  
minutes with a limit of three minutes per person. If non-agenda public comment exceed  
30 minutes, public comment will resume after the items listed under the regular agenda  
are complete. See instructions above on how to provide public comment.  
Instructions for Agenda Public Comment  
Comments are three minutes per person per agenda item with a maximum of three  
agenda items on which an individual may speak. In addition, the Village Board permits a  
maximum of five persons to speak on each side of any one topic which is scheduled for  
or has been the subject of a public hearing by a designated hearing body. These items  
are noted with (*). See instructions above on how to provide public comment.  
1. Call To Order  
2. Roll Call  
3. Public Comment  
4. Approval of Minutes  
5. New Business  
A Motion to Concur with the Initial Recommendations of the 2025 Water &  
Sewer Rate Study and Direct Staff to Prepare a Water Rate Ordinance for 2026  
for Consideration by the Board of Trustees.  
A.  
Overview:  
During the initial phase in the 2025 Water & Sewer Rate Study, Village staff  
requested that NewGen Strategies and Solutions evaluate the Water & Sewer  
Fund’s existing financial and operating information, make a recommendation for  
2026 Water & Sewer Rates, and prepare for a discussion with stakeholders on  
rate methodology and billing format strategies for the future. NewGen  
recommends that the Village increase Water & Sewer rates in 2026 to move  
towards three financial goals: maintaining a Water & Sewer Fund balance  
consistent with industry best practices, stabilizing cash flow within the Water &  
Sewer Fund, and increasing fixed revenue recovery.  
B.  
Updated Finance Committee Calendar  
Overview:  
This is an updated calendar for the Finance Committee.  
6. Adjournment