Financial - Tampa Bay Water Blog
Archive by category: FinancialReturn
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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Since its first Master Water Plan in 1998, Tampa Bay Water has successfully secured millions of dollars in local, state and federal grants. Locally, the utility has received more than $316 million in co-funding from the Southwest Florida Water Management District (SWFWMD) since 1998, and is poised to receive additional dollars for new initiatives.
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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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