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Stormwater update: revenue growth offsets rising capital costs; Rio de Flag drives CIP increases
Summary
City consultants reported higher-than-expected ERU counts and rate revenues but also larger rate-funded CIP needs (notably Rio de Flag), producing a modest net positive variance versus the 2023 plan. Staff said next rate review is expected in 2028 and committed to public CIP updates.
City stormwater staff and consultants presented a midterm financial review on Nov. 18, finding that updated equivalent residential unit (ERU) counts and stronger-than-expected growth increased projected stormwater service‑charge revenue by roughly $4 million for FY26–28, but larger-than-projected rate‑funded capital expenditures—largely the Rio…
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