FLOOD CONTROL SYSTEM
F
Funding Flood Control
unding for the Flood Control System is a combination of federal, state, city, and private dollars. The system will cost approximately $550 million in today’s dollars; with inflation, total cost is estimated at $750 million. Federal funding is allocated for the east side of the system; local, state, and grant funding can be used for either side of the system. The City is approved to receive state funding through 2035, and is working to accelerate construction to help reduce inflation costs and complete the system earlier. The figures below reflect the end of Fiscal Year 2020 (June 30, 2020).
Approved Sept. 11, 2018 Total federal funding received to date: $13,608,523
Total state funding received to date: $62,136,939
A Other Funding
4.7%
$5,890,616.00
B Bonds (City financial plan)
10.6%
$13,412,867.00
C Local Option Sales Tax for flood control
6.6%
$8,315,971.00
D Community Development Block Grant
10.1%
$12,695,104.00
E Iowa Flood Mitigation Program
52.5%
$66,207,036.00
F FEMA grant
0.2%
$287,249.00
G Economic Development Administrative Grant
$990,613.00
0.8%
H US Army Corps of Engineers
18
$18,229,310.00
14.5%
OUR CR
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M AY 2 0 2 1
We continue to pursue private dollars
