FOR IMMEDIATE RELEASE
Contact: Brandon Moorebmoore@tampabaywater.org(727) 791-2304 | (727) 470-0702
CLEARWATER, Fla. (June 18, 2019) – Tampa Bay Water’s board of directors approved the utility’s 2020 fiscal year budget with no rate increase, maintaining a wholesale drinking water rate of $2.56 per 1,000 gallons for the ninth consecutive year.
“Tampa Bay Water is committed to providing a reliable supply of clean, safe drinking water at an affordable price,” said Christina Sackett, Tampa Bay Water’s chief financial officer.
The budget was developed using a cost-efficient combination of water supplies while maintaining compliance with all regulatory permits. The projected water delivery to Tampa Bay Water’s member governments in 2020 is 180.8 million gallons per day (mgd), a 2.3 million-gallon-per-day increase in regional water demand from the previous year. The utility is planning to meet the region’s 2020 water needs with a blend of its diverse water sources, including:
Tampa Bay Water’s financial structure is maintained through the sale of water to its member governments. The agency’s capital and operating costs are set at a uniform rate that all six member governments share.
Tampa Bay Water’s $184 million, 2020 budget is made up of:
The utility continues to maintain its strong bond ratings, with AA+ from Standard & Poor’s and Fitch, and Aa1 rating from Moody’s. Tampa Bay Water’s excellent ratings are supported by:
ABOUT TAMPA BAY WATER
Tampa Bay Water is the largest wholesale water supplier in Florida, providing high-quality drinking water to its members, who in turn, supply water to more than 2.5 million residents of the Tampa Bay area. Tampa Bay Water member governments include the cities of New Port Richey, St. Petersburg and Tampa, and the counties of Hillsborough, Pasco and Pinellas. To learn more, visit tampabaywater.org.
For news media requests, please contact: Michelle Stom, MPA, APR Chief of Staff/Chief Strategy Officer O: (727) 791-2305 | M: (727) 418-4652 Brandon Moore, APR Public Communications Manager O: (727) 791-2304 | M: (727) 470-0702