Financial - Tampa Bay Water Blog
Archive by category: FinancialReturn
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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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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