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Tampa Bay Water previews FY2027 budget, proposes 2¢ rise in uniform rate to cover operating and capital needs
Summary
Tampa Bay Water presented a proposed FY2027 budget that would raise the uniform rate to about $2.66 per 1,000 gallons (≈2¢ increase), use $4 million from rate stabilization funds, and advance a $291.4 million FY27 capital program within a $1.697 billion 10‑year plan. The board heard details on demand forecasts, staffing and planned bond issuances and set a public hearing for May 18.
Tampa Bay Water on Tuesday outlined its proposed operating and capital budgets for fiscal year 2027, saying the plan would raise the agency’s uniform rate to roughly $2.66 per 1,000 gallons — about a 2¢ increase over the current year — while using $4 million from a rate stabilization fund to dampen the impact on members.
Christina Sageru, the agency’s chief financial officer, told the board the agency projects daily demand at 212,840,000 gallons and total FY27 costs of $223.8 million. After applying debt restructuring savings and the rate…
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