AGENDA CAPTION:
Title
Receive a Staff presentation and hold a Public Hearing to receive comments for or against Ordinance 2022-74, increasing Stormwater Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions; and providing an effective date; and consider approval of Ordinance 2022-74, on the first of two readings.
Body
Meeting date: September 6, 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...
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