AGENDA CAPTION:
Title
Consider approval of Ordinance 2022-74, on the second of two readings, increasing Stormwater Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions; and providing an effective date.
Body
Meeting date: September 20, 2022
Department: Finance, Jon Locke, Finance Director
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
Stormwater
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Background Information:
An analysis of the Stormwater Utility rates for Fiscal Year 2023 was performed and the results indicated the need for a 6.5% rate increase to support capital and maintenance requirements.
Rates will be adjusted as follows:
* R1 - Small Residential - $8.59 to $9.14 (increase of 55? monthly)
* R2 - Medium Residential - $13.99 to $14.90 (increase of 91? monthly)
* R3 - Large Residential - $20.43 to $21.77 (increase of $1.34 monthly)
* NR - Non Residential - $13.99 to $14.90 (increase of 91? monthly)
The analysis also demonstrated the need for incremental increases in future years to support future capital and maintenance requirements. The Capital Improvement Program is constrained in the ...
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