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Miami Beach reports roughly $100 million unfunded water/sewer projects; officials flag future rate and bond implications
Summary
Staff told the committee that FY26 water and sewer requests total about $105 million with roughly $5.3 million available, leaving about $100 million unfunded. The administration recommended dipping into a water/sewer renewal reserve and signaled the need to consider utility rate adjustments and future revenue bonds.
City staff told the Finance and Economic Resiliency Committee that FY26 requests for water and sewer projects total about $105 million, with roughly $5.3 million available (largely earned interest on bond proceeds), leaving on the order of $100 million in unfunded water and sewer projects. Staff said FY27 needs are larger: water and sewer requests of about $116.3 million and stormwater needs of about $123.7 million were discussed as…
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