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Stormwater proposes first use of debt for CIP, seeks 57¢ monthly increase; council approves budget
Summary
Stormwater staff proposed using debt service for the first time to accelerate a $920 million capital program, recommended raising the single‑family equivalent fee from $7.65 to $8.22 (57¢), and council approved the recommended FY26 budget at the work session.
Stormwater Management staff told the City Council on Thursday that FY26 will be the first year the program uses debt service to accelerate capital improvements, and recommended a modest monthly fee increase for most homeowners to support the expanded capital program. Council voted to approve the recommended FY26 stormwater budget.
Wayne Miles, stormwater manager for Engineering Services, said the department has identified roughly $920 million in stormwater capital improvements across the city and recommended issuing debt to deliver projects more quickly. “Fiscal year 26 is going to be the year that stormwater uses debt service for the very first time to help fund our capital…
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