In a recent government meeting, officials discussed critical updates regarding the city's stormwater management system, focusing on financial sustainability and necessary rate adjustments to meet future demands. Michelle Galvin from Robtelis presented a comprehensive stormwater rate study, outlining the financial forecast and proposed rate changes aimed at ensuring the system's viability through fiscal year 2026.

The stormwater system currently serves approximately 9,400 accounts, charging a monthly fee of $8.96 per Equivalent Residential Unit (ERU). However, projections indicate that existing revenues will not cover operational costs, which are expected to rise from $1.13 million to $1.25 million by 2026. To address this shortfall, Galvin recommended a phased rate increase, which would see the monthly fee rise to $19.66 by October 2025—a 100% increase over three years.

The financial plan also includes a capital improvement plan (CIP) totaling $14.8 million over five years, with $4 million earmarked for the next three years. Major projects, such as the Cedar Woodland project, are designed to reduce flooding and improve water quality in the Banana River Lagoon. The city has successfully secured significant grant funding to alleviate some financial burdens on ratepayers, but further adjustments are necessary to maintain utility cash reserves and fulfill debt service requirements.

The meeting underscored the urgency of these changes, as the current revenue structure is insufficient to support both operational and capital needs. As the city prepares for these adjustments, officials emphasized the importance of community engagement and transparency in the decision-making process.