AGENDA CAPTION:
Title
Consider approval of Ordinance 2018-30, on the second of two readings, increasing Drainage Utility Rates as authorized by Section 86.505 of the San Marcos City Code; including procedural provisions.
Body
Meeting date: September 18, 2018
Department: Finance-Heather Hurlbert, Finance Director
Amount & Source of Funding
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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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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
During the FY18 budget workshops at the direction of City Council, staff presented modeling of rates that would support funding for operational expenses, capital expenses needed to support storm water collection, the continued implementation of the MS4 program, and all identified drainage projects in the CIP plan over the next 5 years. The rate model indicated that a 15% rate increase each year for the next 5 years is required to support the operational expenses and debt service needed for the identified projects. Rates were adjusted by 15% in FY18.
A rate adjustment of 15% is recommended for FY19. The City is currently performing a comprehensive rate study and analysis and will bring back a proposed rate structure ...
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