City of Tarpon Springs
Copyright © 2015 City of Tarpon Springs. All rights registered.
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Utility Rate Information

Water, Sewer and Reclaimed Water Rates will be discussed at public hearings by the City Board of Commissioners.  The meetings will take place at: City Hall Auditorium 324 East Pine Street Tarpon Springs, Florida 34689 Meeting dates: First Hearing: Tuesday July 10, 2018 at 6:30 pm Second Hearing: Tuesday July 24, 2018 at 6:30 pm Background Information: The City’s current 10-year water and sewer utility rate plan is set to expire at the end of Fiscal Year 2019 (September 30, 2019) with an already approved rate increase for both water and sewer of 6.75%.  The current 10- year plan was required for infrastructure investment and is summarized below: The City completed a Water & Sewer Rate Study to fund operating and capital expenses from FY 2019 through FY 2028. The study recommended reducing the already approved FY 2019 rate increase from 6.75% to 5% and proposed new rate increases of 2.9% from FY 2020 through FY 2028.  It was also recommended that reclaimed water rates be included in the same plan. In February 2018 the Rate Study was presented to the Budget Advisory Committee who unanimously recommended approval. The City’s Budget Advisory Committee was formed by the Board of Commissioners to review City financial matters and is composed of appointed citizens of the community.   The City mailed out to all utility customers a Public Notice of Water and Sewer Rate increases with the April 2018 Utility Bills advertising Public Hearing dates beginning May 8, 2018 with the rate increases as proposed in the Study. At the first Public Hearing on May 8, 2018 the rate plan was not approved. Revised Plan Summary: The City revisited the Water and Sewer Rate Study and has reduced and/or deferred Capital Improvement Projects by a total of approximately $3.5 million over 10 years. The new proposed rates at the first Public Hearing on July 10, 2018 will now be 4% for FY 2019 (down from the approved 6.75%) for each service.  Then 2.75% for FY 2020 through FY 2028. The revised proposed plan is summarized below: The above rates will cover the increased cost of services and the capital and infrastructure required to provide water and sewer services.  The proposed increases are comparable with national averages of other sectors and less than the regional average for water and wastewater as shown in the following table: Sources: [1] U.S. Department of Labor, CPI-U, Increases from 2008 - 2016, [2] U.S. Department of Energy, September 2017, Water and Wastewater Annual Price Escalation Rates To provide an improved option for residential customers for lawn irrigation, the irrigation meter rates are being proposed for reduction as follows: 1. The monthly Readiness to Serve charge, currently $17.42, will be eliminated for the standard residential meter (5/8” X 3/4” size) for customers that also have a water meter.  2. The initial backflow prevention device charge of $245 will be eliminated for new residential irrigation accounts for the standard residential meter (5/8” X 3/4” size) for customers that also have a water meter If you would like to review your utility bill in more detail or for more information on possible ways to reduce your utility bill, please contact: Cheryl Stedge, City of Tarpon Springs Public Services Department at 727-942-5610. FY 2018 Water & Sewer Revenue Sufficiency Analysis - Assumptions & Preliminary Results Workbook
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City of Tarpon Springs
Copyright © 2015 City of Tarpon Springs. All rights registered

Utility Rate

Information

Water, Sewer and Reclaimed Water Rates will be discussed at public hearings by the City Board of Commissioners.  The meetings will take place at: City Hall Auditorium 324 East Pine Street Tarpon Springs, Florida 34689 Meeting dates: First Hearing: Tuesday July 10, 2018 at 6:30 pm Second Hearing: Tuesday July 24, 2018 at 6:30 pm Background Information: The City’s current 10-year water and sewer utility rate plan is set to expire at the end of Fiscal Year 2019 (September 30, 2019) with an already approved rate increase for both water and sewer of 6.75%.  The current 10-year plan was required for infrastructure investment and is summarized below: The City completed a Water & Sewer Rate Study to fund operating and capital expenses from FY 2019 through FY 2028. The study recommended reducing the already approved FY 2019 rate increase from 6.75% to 5% and proposed new rate increases of 2.9% from FY 2020 through FY 2028.  It was also recommended that reclaimed water rates be included in the same plan. In February 2018 the Rate Study was presented to the Budget Advisory Committee who unanimously recommended approval. The City’s Budget Advisory Committee was formed by the Board of Commissioners to review City financial matters and is composed of appointed citizens of the community.   The City mailed out to all utility customers a Public Notice of Water and Sewer Rate increases with the April 2018 Utility Bills advertising Public Hearing dates beginning May 8, 2018 with the rate increases as proposed in the Study. At the first Public Hearing on May 8, 2018 the rate plan was not approved. Revised Plan Summary: The City revisited the Water and Sewer Rate Study and has reduced and/or deferred Capital Improvement Projects by a total of approximately $3.5 million over 10 years. The new proposed rates at the first Public Hearing on July 10, 2018 will now be 4% for FY 2019 (down from the approved 6.75%) for each service.  Then 2.75% for FY 2020 through FY 2028. The revised proposed plan is summarized below: The above rates will cover the increased cost of services and the capital and infrastructure required to provide water and sewer services.  The proposed increases are comparable with national averages of other sectors and less than the regional average for water and wastewater as shown in the following table: Sources: [1] U.S. Department of Labor, CPI-U, Increases from 2008 - 2016, [2] U.S. Department of Energy, September 2017, Water and Wastewater Annual Price Escalation Rates To provide an improved option for residential customers for lawn irrigation, the irrigation meter rates are being proposed for reduction as follows: 1. The monthly Readiness to Serve charge, currently $17.42, will be eliminated for the standard residential meter (5/8” X 3/4” size) for customers that also have a water meter.  2. The initial backflow prevention device charge of $245 will be eliminated for new residential irrigation accounts for the standard residential meter (5/8” X 3/4” size) for customers that also have a water meter If you would like to review your utility bill in more detail or for more information on possible ways to reduce your utility bill, please contact: Cheryl Stedge, City of Tarpon Springs Public Services Department at 727-942-5610. FY 2018 Water & Sewer Revenue Sufficiency Analysis - Assumptions & Preliminary Results Workbook
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