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Holladay work session weighs stormwater rate boost as fund nears shortfall
Summary
City staff told the Holladay City Council at a work session that the stormwater enterprise fund is unlikely to meet debt-coverage and reserve targets under the current $6.50 ERU rate. Officials discussed three options: no increase, a 30% one-time rise deferred to 2027, or 5% annual increases beginning fiscal 2026, and directed staff to refine nonresidential ERU counts using utility account data before final recommendations and a public hearing.
Unidentified Speaker told the Holladay City Council at a work session that the city's stormwater enterprise fund will not meet coverage and reserve targets under the current $6.50 equivalent residential unit (ERU) rate and that council must choose among several ways to close the gap.
The presentation, which staff said updates prior modeling and incorporates actual revenues, debt service and capital-improvement-plan changes, laid out three scenarios: do nothing (baseline), delay and adopt a one-time 30% increase in 2027, or begin a 5% annual increase in fiscal year 2026. According to the analysis, the 30% upfront increase produces the quickest improvement in reserve levels and coverage ratios; a 5% annual increase reaches similar long-term results but more slowly. The presenter said, "the message is you're gonna run out of money," and urged the council to consider both rate changes and non-rate options to improve revenue.
Why it matters: the stormwater fund currently carries debt-service obligations tied into the city's…
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