funding stormwater services and programs sc stormwater forum jeff hughes, environmental finance...
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Funding Stormwater Services and Programs
SC Stormwater Forum
Jeff Hughes,
Environmental Finance Center
www.efc.unc.edu
(919) 489-1342
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
