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Committee weighs four stormwater rate options, including a plan to build a 15% reserve

City of Franklin Budget and Finance Committee · March 20, 2026
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Staff presented four stormwater fee scenarios ranging from no change to rates designed to accrue a 15% fund balance; members split between a phased approach and full reserve plan as they weigh residential impacts and long‑term resilience.

Scott Gerhart, speaking for the stormwater division, recapped four fee scenarios the committee reviewed at a recent work session: keep current rates (option 1), raise rates to make the fund self‑sustaining (option 2), a phased increase that still requires some general‑fund support (option 3), and a higher‑rate option designed to build a 15% fund balance for unexpected projects (option 4).

Gerhart told…

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