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Tampa Bay Water adopts $219.4 million FY2026 operating budget, keeps uniform rate near $2.64/1,000 gallons
Summary
Tampa Bay Water’s board approved the fiscal year 2026 operating budget and estimated capital improvement program after a public hearing; the uniform retail rate rises by about $0.02 per 1,000 gallons and the agency plans major CIP work funded largely with revenue bonds.
Tampa Bay Water on May 19 held a public hearing and adopted its fiscal year 2026 operating budget and estimated capital improvement program, approving a proposed uniform water rate of about $2.64 per 1,000 gallons, roughly $0.02 above the current rate.
The board approved Resolution 2025008 to adopt the FY2026 operating budget after a presentation from Chief Financial Officer Christina Saget and questions from board members. The agency’s proposed total cost to provide water in FY2026 is $219,400,000, with a proposed net revenue requirement from water sales of $202,000,000 after planned uses of reserves and adjustments.
The budget matters because it funds operations, debt service and nearly $255 million in capital improvement program (CIP) spending planned for FY2026. Saget told the board the proposed budget balances projected demand, strategic-plan…
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