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FPUA board and City Commission sign off on FY2026 budget; $27M conveyance gap to be covered by 2026 debt issuance
Summary
Fort Pierce Utilities Authority presented a FY2026 budget that relies on a mix of rates, grants and planned debt to fund major projects including a new wastewater plant, conveyance redirection and an electric substation. The City Commission adopted the FPUA budget Aug. 11 by roll‑call vote.
Fort Pierce Utilities Authority leaders presented a FY2026 operating and capital plan to the city commission on Aug. 11 that relies on grants, targeted rate adjustments and a proposed 2026 bond issue to finance a new wastewater treatment plant, conveyance redirection and electric system upgrades.
Michelle Harris, FPUA chief financial officer, said the FY2026 package combines rate increases that match the Florida Public Service Commission inflationary index (2.23%) with a planned debt program and grant funding. The board approved an FY2026 FPUA budget at its prior meeting and the City Commission adopted the authority’s budget by resolution (25‑R‑58) on Aug. 11; the vote was recorded as unanimous by roll call.
Harris and Executive Director Javier Cisneros…
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