Financial - Tampa Bay Water Blog
Archive by category: FinancialReturn
Tampa Bay Water’s proposed 2022 budget calls for a slight increase in the uniform water rate: $2.5634/1,000 gallons, an increase of 0.17 percent ($0.0044) over the current year. For the average household, which uses a little less than 4,200 gallons of water a month, the proposed rate increase would mean an extra $0.02 in their monthly bill.
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Tampa Bay Water has been awarded the Popular Annual Financial Report (PAFR) Award for the fiscal year ended September 30, 2019. With this award, the utility will also receive a special Triple Crown medallion, which signifies receiving all three Government Finance Officers Association (GFOA) awards (the Certificate of Achievement for Excellence in Financial Reporting Award, Distinguished Budget Presentation Award, and Popular Annual Financial Reporting Award) for fiscal year 2019.
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Tampa Bay Water’s board of directors approved the utility’s 2021 fiscal year budget with no rate increase, maintaining a wholesale drinking water rate of $2.56 per 1,000 gallons for the tenth consecutive year.
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Protecting the environment has always been a top priority of Tampa Bay Water. In fact, Tampa Bay Water was created in 1998 to meet the region’s needs for high-quality drinking water while reducing the region’s reliance on groundwater pumping so the surrounding environment could recover. But did you know Tampa Bay Water’s commitment to the environment doesn’t stop with water? The agency is reducing its energy consumption as well.
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Tampa Bay Water’s board extended its commitment to reducing non-point source pollution and efficient water use by continuing funding for the Pinellas, Pasco and Hillsborough county Florida-Friendly Landscaping (FFL) program. At its August meeting, the board approved $488,224 in total funding to support FFL in its efforts to promote wise irrigation practices and proper Florida landscape designs. Improving outdoor efficiency can yield far-reaching results.
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