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Addison's stormwater fund projected to service bond debt as fund balance declines toward target
5806646 · August 6, 2025
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Summary
Finance staff reported the stormwater fund has large reserves from earlier years but will use those reserves to service debt tied to street and stormwater projects; no rate increase is proposed through 2028 under the current projection.
Town finance staff told the council the stormwater fund currently holds substantial reserves but will use fund balance to service debt issued for street reconstruction projects that include stormwater work. Steve Glickman said the stormwater fund's proposed FY2026 revenue is roughly $2.85 million with operating…
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