Financial - Tampa Bay Water Blog
Archive by category: FinancialReturn
June 2019 marked Tampa Bay Water’s 21st anniversary. Formerly the West Coast Regional Water Supply Authority, Tampa Bay Water was created as a regional utility in June 1998 to eliminate competition for water and economic disparity among the governments it serves.
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At its June meeting, Tampa Bay Water’s board of directors approved the agency’s fiscal year 2020 budget with no uniform rate increase. The 2020 budget maintains a wholesale drinking water rate of $2.56 per 1,000 gallons for the ninth consecutive year.
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From 2000 through 2016, demand for water in Tampa Bay Water’s service area declined 18 percent, thanks to a combination of economic changes as well as active and passive conservation initiatives
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Tampa Bay Water periodically reviews its investment policy in an effort to improve the management of idle funds and better reflect current market conditions.
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At its June meeting, Tampa Bay Water’s board of directors approved the agency’s fiscal year 2018 budget with no wholesale rate increase. The 2018 budget maintains a wholesale drinking water rate of $2.56 per 1,000 gallons for the seventh consecutive year.
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