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Authority updates SWSEP cost to $380M and projects rate impacts reaching roughly $2.59/1,000 gallons by 2035
Summary
Staff presented an updated Surface Water System Expansion Project cost estimate of $380 million and recommended mitigation strategies (staggered bond issuances, phased capitalized interest); county‑level rate impacts vary, with Charlotte County projected at about $1.88/1,000 gallons in 2033 based on its allocation.
Authority staff on Dec. 3 updated the surface water system expansion project funding outlook and projected customer rate impacts under revised cost estimates.
Anne Lee, presenting the program and rates overview, said the total funding estimate for SWSEP increased from $350 million to $380 million — an 8.5% change driven by updated project costs. To mitigate rate impacts, staff proposed staggering bond issuances in 2026 and 2027,…
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