funding stormwater services and programs sc stormwater forum jeff hughes, environmental finance...

Funding Stormwater Services and Programs

SC Stormwater Forum

Jeff Hughes,

Environmental Finance Center

www.efc.unc.edu

(919) 489-1342

jhughes@sog.unc.edu

Environmental Finance Center

Environmental “How do you pay for it?” Center

One of nine centers across the country.Part of US EPA Environmental Finance

Program

Easy Money

Email offersLotteries“Bonds”If it sounds too good to be true…

Funding Overview

Utility feesPublic capital fundingCommercial debtPrivate participation Innovative revenue practices

$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

Respondents

Slide Source: FSA 2005 Stormwater Survey, www.florida-stormwater.org

Florida Stormwater Fees (2005)

Chart Source: Triangle J Council of Governments 2006 Stormwater Survey

Chart Source: Triangle J Council of Governments 2006 Stormwater Survey

60

49

45

48

29

17

3

6

17

3

13

Streets/highways

Undeveloped land (non-agricultural)

Undeveloped land (agricultural)

Railroad rights-of-way

Public Parks

Government

Waterfront

Properties that do not discharge runoffto system

Airport runways and taxiways

None

Other

Exclusions

Slide Source: FSA 2005 Stormwater Survey, www.florida-stormwater.org

Utility User Fees

Slide Source: 2005 Stormwater Utility Survey, Black and Veatch

Funding Capital Improvements (n=99)

Slide Source: 2005 Stormwater Utility Survey, Black and Veatch

39

34

30

32

34

36

38

40

Fees Only Fees and Non-Fees

A.Ad Valorem (N = 12)B.Sales Tax (N = 5)C.Gas Tax (N = 13D.Other (N = 33)

Slide Source: FSA 2005 Stormwater Survey, www.florida-stormwater.org

Sources for Capital Programs

Impact Fees

Slide Source: 2005 Stormwater Utility Survey, Black and Veatch

SC Clean Water SRF

2.50% Non-point Source up to $4 million per borrower 25% of cost must apply to BMPs

3.50% Standard Ratehttp://www.scdhec.net/environment/water/

srf-cw.htm

Commercial Debt

• General Obligation Bonds

• Revenue Bonds