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Tampa highlights stormwater investments and proposes service-assessment rate study ahead of FY27
Summary
Dennis Rejero, chief financial officer, presented stormwater funding history and proposed a service-assessment rate study, noting about $350 million invested in resilience since 2019 and a proposed $4 million general-fund subsidy in FY26.
Dennis Rejero, chief financial officer, presented stormwater funding history and proposed near-term steps to the City Council, saying the city has invested about $350 million in stormwater resilience since 2019 and anticipates roughly $40 million of new and replacement stormwater work over the next five years.
Rejero explained that the presentation distinguished the service assessment (for operations) and the improvement assessment (for capital projects). He said staff are conducting a service-assessment rate study for possible implementation with the FY27 budget and that the city has a history of relatively steady inflows and outflows in the stormwater service-assessment fund since about 2017.
Finance staff also noted a long-standing general-fund subsidy to stormwater that has grown over time: $2 million ongoing, $3 million in the current year and an increase to $4 million in the proposed FY26 budget. The presentation included historical slides on the service-assessment revenues and the improvement-assessment revenues since their inceptions in 2015 and 2017 respectively.
There was no formal action taken during the presentation; staff offered the study and historical information for council review and future decision-making.
