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Speedway staff propose monthly stormwater fee to fund drainage and maintenance
Summary
Town staff presented a proposed stormwater fee — $3.77 per month for residences plus a $1.00 base for non-residential accounts — designed to raise roughly $500,000 annually to fund stormwater maintenance, bank stabilization and BMP work; council has not adopted an ordinance.
Town of Speedway staff on Aug. 19 described a proposed stormwater fee and a draft stormwater fund for 2026 that would pay for maintenance, erosion control and capital projects.
Grant, the town manager, said the town currently does not operate a stormwater utility and that "almost every other Central Indiana" community charges a fee for stormwater work. He said the town’s stormwater board had recommended a residential fee of $3.77 per month plus a $1.00 base rate intended for businesses and larger non-residential parcels. Grant said that under that structure the town estimated the fee “will…
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