Posted January 30th, 2013 in Water Resource Economics
One of the most important planning concerns in the coming years will be ensuring the smart, sensible use and long-term availability of water resources for a growing population. This is especially true in large urban areas like Chicago, which has adopted the GO TO 2040 comprehensive regional plan to address and prepare for future growth.
Illinois-Indiana Sea Grant’s Water Resource Economist, Margaret Schneemann, has developed a Full-Cost Water Pricing Guidebook for Sustainable Community Water Systems. For the past four years, IISG has partnered with the Chicago Metropolitan Agency for Planning (CMAP) to bring Schneemann to the Water 2050: Northeastern Illinois Water Supply/Demand Plan implementation program and launch several collaborative projects throughout northeastern Illinois.
Since both Water2050 and the long-range GO TO 2040 comprehensive plan recommend full-cost pricing for drinking water to promote water conservation and address aging infrastructure, the Full-Cost Water Pricing Guidebook is designed for local decision makers interested in exploring full-cost pricing as a tool for sustainable community water supply management. The first section provides mayors, village managers, planners, board and council members, and interested residents with the reasons why such planning is important. The second section offers a basic ‘how to do it’ overview for readers interested in learning more, and the third section explores one of the most important decisions in setting water rates, designing the rate structure. Margaret has also developed a downloadable Powerpoint presentation providing an overview of full-cost pricing, available at the guidebook link above.For further information about water supply issues and planning, visit our water supply page on the website, and you can contact Margaret directly for additional information and print copies of the guidebook.
