During a recent government meeting, officials discussed the financial challenges facing the stormwater department, revealing a projected shortfall of $1 million over the next five years due to delays and adjustments made during the COVID-19 pandemic. The department currently operates with a negative cash position of $500,000, prompting concerns about funding and sustainability.
Commissioner Kiki highlighted that the initial financial analysis by Stantec had anticipated a certain revenue over five years, but adjustments and a one-year delay have led to a significant decrease in expected funds. The city has opted not to draw from sanitation funds to cover the deficit, instead relying on reserves, which raises questions about long-term financial viability.
The discussion also touched on the tiered assessment system for stormwater funding. One commissioner expressed dissatisfaction with the current three-tier structure, suggesting that it disproportionately affects average homeowners compared to vacant properties. He proposed a reevaluation of the tier system to ensure fairness and potentially increase revenue for the city.
Public comments during the meeting reflected frustration over rising stormwater fees, with residents questioning the rationale behind charging more for vacant properties than for homes with significant infrastructure. One resident urged the commission to consider the historical context of stormwater funding, noting that previous assessments had not adequately addressed the department's needs.
City officials defended the current funding model, emphasizing the improvements made in stormwater management and infrastructure since the implementation of the special assessment. They acknowledged the challenges posed by environmental changes and the need for ongoing investment to prevent flooding and maintain progress.
As the meeting concluded, a motion was made to approve the proposed fee increase, which is expected to generate an additional $300,000 in revenue. The commission plans to revisit the tier system in future discussions, with the aim of refining the approach to better serve the community's needs.