Stormwater Management Financing Options Presentation – Jan 23
Posted on: January 19, 2018

The City and its project team invite involvement from the community throughout the duration of the Study, which is anticipated to be completed within the 2018 calendar year. Please accept this an invitation to our first Public Information Centre on January 23rd, from 4pm to 8pm, and the Italian Cultural Centre at 123 Algoma Street North, and visit the project website at: www.thunderbay.ca/stormwaterplan.

In 2016, Council adopted the “Stormwater Management Plan for Sustainable Surface Water Management”, now referred to as the SWM Plan. The SWM Plan provides goals and objectives for the next 20-years relating to ecosystem health and water quality, water quantity control and flooding, operations and maintenance, monitoring and data assessment, regulation and enforcement, education and outreach, funding and organizational structure, and climate change adaptation. The SWM Plan also includes recommendations for increased spending on stormwater management to achieve these goals and objectives.

When Council adopted the SWM Plan, the City committed to further consult with the public, businesses, and community stakeholders on how to best finance the implementation of the SWM Plan.

In October 2017, the City awarded the Stormwater Financing Study to AECOM. The purpose of the Study is to identify, assess, and evaluate alternative funding approaches to support the implementation of the SWM Plan, and to provide a recommended funding approach with framework and steps to implementation. The Study will also assess how the City can fund stormwater for the future, either through the status quo, increased or dedicated taxes, the creation of a new utility (similar to our water and sanitary utilities), development charges, or other means.

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