Financing Stormwater Management
The following acronym outlines why these funds are described as a SAFE method for financing stormwater management:
- Stable – fees are not as dependent on the uncertain annual budget process as tax revenue is
- Adequate –fees are based on a strategically planned stormwater program that meets the needs of the community
- Flexible – the enterprise fund can adapt to changing program and funding needs over time
- Equitable – the cost of the stormwater program is borne by the user on the basis of impact on the drainage system and receiving waters, not property value