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City staff outline $7.8 million, 10-year stormwater plan and three funding scenarios
Summary
City staff presented a draft financial chapter of the stormwater master plan showing a 10-year capital need of about $7.8 million and three funding scenarios that would raise the average residential stormwater bill from $13.49 to roughly $22.66–$24.28, depending on grant availability and debt levels.
City staff presented the draft financial chapter of a stormwater master plan that projects about $7.8 million in escalated capital needs over the next 10 years and recommended three funding scenarios to pay for the work.
The plan, presented by Kyle Anderson, assistant city engineer, and Karen Johnson of KLJ Financial Consulting, examined baseline operations and then modeled capital funding under three approaches: (1) a mix of grants, new debt, rate increases and cash reserves; (2) a smoothing option with somewhat lower short‑term increases and higher later increases; and (3) a conservative option that assumes no grant funding and therefore heavier reliance on debt and rate increases.
The draft shows current monthly residential stormwater charges of…
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