Infrastructure expense in Naperville has skyrocketed from about $60 million in 2019, to nearly $100 million two years later, and is now knocking on the door of $140 million in 2023, while revenue from electric service is down $20 million over the last five years. The very thing the City of Naperville has been pushing (solar energy) is causing problems for Naperville’s 2024 budget.
City officials don’t consider the ramifications of their financial decisions. The reason is they can always squeeze it out of residents with rate increases. They ask residents to sacrifice, residents comply, and they are rewarded with rate increases to make up for lost revenue.
This happened a number of years ago when Naperville was going thru a drought, and in an effort to deal with the situation, Naperville city officials ‘asked’ residents to conserve their water usage, and issued fines to residents when they didn’t follow watering guidelines. Residents complied with the new rules resulting in water rate increases. The city announced that residents did such a good job of conserving water usage, rates would have to be increased because of lost revenue from lower water consumption.
As more and more households and businesses switch to solar energy, whatever money they save will be confiscated by city officials in the form of increased rates for something.