Funding Flood Control

Funding 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).

Funding Secured:

Federal: $117 million

US Army Corps of Engineers: $76 million contribution | $41 million loan

Total federal funding received to date: $13,608,523

State: $267 million

State of Iowa Flood Mitigation Board

Total state funding received to date: $62,136,939

City: $264 million

Local funding plan

Approved Sept. 11, 2018

Grants: $15 million

State and Federal

We continue to pursue private dollars

How Expenses Have Been Funded to Date

Iowa Flood Mitigation Program $66,207,036.00 | 52.5%

US Army Corps of Engineers $18,229,310.00 | 14.5%

Bonds (City financial plan) $13,412,867.00 | 10.6%

Community Development Block Grant $12,695,104.00 | 10.1%

Local Option Sales Tax for flood control $8,315,971.00 | 6.6%

Other Funding $5,890,616.00 | 4.7%

Economic Development Administrative Grant $990,613.00 | 0.8%

FEMA grant $287,249.00 | 0.2%