At its June meeting, Tampa Bay Water’s board of directors approved the utility’s fiscal year 2023 budget with a modest rate increase to help meet the growing drinking water needs of the region. The new wholesale rate is $2.5781/1,000 gallons, a 0.57 percent increase ($0.0147) over the current year. For a typical residential household using about 4,200 gallons of water a month, the rate increase means an extra $0.06 in their monthly bill.
“The 2023 budget accounts for the growth we’re experiencing in Tampa Bay and ensures a reliable supply of clean, safe drinking water at an affordable rate,” said Chuck Carden, general manager for Tampa Bay Water.
The approved budget addresses the utility’s capital needs through 2032, which include new water supply and water quality projects. The approved budget also includes a new purchasing specialist position and up to a 3 percent cost-of-living increase for staff to alleviate pressure of the increase in the cost of goods, services and insurance. Read the news release.