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Committee weighs stormwater fee increases to shore up fund, staff prefers phased option
Summary
Franklin City staff presented four stormwater rate options ranging from no change to a rate that builds a 15% reserve. Committee members split between a cautious phased approach and moving quickly to Option 4 to reduce general‑fund subsidies; staff recommended a 2027 effective date if rates change.
City staff revisited a stormwater rate study offering four options for the stormwater enterprise fund, saying the choices range from maintaining the current fee to increasing rates enough to build a 15% fund balance.
Scott Gearhart, who led the presentation, told the Budget & Finance Committee on March 19 that Option 1 keeps the current $3.83 per equivalent residential unit (ERU) rate; Option 2 would set rates to make the fund self‑sustaining; Option 3 phases increases to reduce reliance on general‑fund transfers; and Option 4 would create a reserve equal to 15% of the fund…
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