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Monday, October 22, 2007

Gazette Extra: Storm Water Utility may be in Evansville Future

The audio and video is on The Evansville Observer on the flooding-----hints of the solution are in the Gazette Extra-----a possible stormwater utility for Evansville.

Click on the post for the article in the Gazette.

One of the reasons for this structure is that it provides a way of paying for improvements by the taxpayer, but not from General Obligation debt, but from Revenue debt. Sewer improvements, and Evansville has about 1,000,000 of these in the near future, do not count to the debt limit for the community, and neither does a storm water utility debt. The taxpayer still pays however.

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