In 2007 the City Council established a Stormwater Utility Fee for the sole purpose of funding Stormwater infrastructure projects and programs. The SMP provides a cost strategy. The proposed stormwater public improvements have a 20-year capital cost of $25.2 Million. Utility operating revenue needs were modeled to range from $2.5 Million/year at present to $5.4-$5.6 Million/year by FY2032-33 depending on the rate assessment approach taken. Monthly stormwater utility rate increases were estimated in two ways: a gradual rate increase and an accelerated rate increase. The immediate calculated monthly stormwater utility rates were modeled to be between $4.36 and $5.80 per ERU and the FY 2032-33 monthly stormwater utility rates would be anticipated between $6.53 and $6.80 per ERU depending on the rate adjustment approach taken. Below is the City’s 2013-2014 Stormwater Budget.