Categories
Small Business Funding

VB council talks rising costs for flood protection, stormwater management, road improvements [Video]

Virginia Beach City Council heard about labor market pressures, efforts to get more funding from state and feds.

VIRGINIA BEACH, Va. — Virginia Beach City Council members talked about financial needs for flood protection, stormwater management, road projects and more during their work session on Tuesday.

On the stormwater enterprise fund, City Council members heard rate increases will likely be necessary to continue funding stormwater management programs.

Currently, the stormwater utility fee is charged to all property owners, with single-family homes all paying the same rate and multifamily and commercial properties paying an amount determined by calculating the impervious areas (hard surfaces such as buildings, parking lots and sidewalks) on the site.

City staff said a rate increase to meet the current needs would cost $21.54 annually for each single-family home. However, to meet needs including 19 additional full-time positions identified by a recent study, the rate increase would need …

Watch/Read More