Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, April 27
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Oviedo utility bills may rise to fund new $70M facility
    Utilities

    Oviedo utility bills may rise to fund new $70M facility

    July 29, 20243 Mins Read


    OVIEDO, Fla. – If you live in Oviedo, your water bill may go up soon.

    In Oviedo, the utility bill is actually three different fees: water, sewer, and stormwater – and raising each of those is their only option.

    “There’s nothing that has been mismanaged about them. It’s just, we need a new, different kind of water treatment facility because people are watering their grass too much,” said Oviedo Mayor Megan Sladek.

    Mayor Sladek says the new facility would cost around $70 million dollars. It would be paid through water and sewer fees.

    “The upper Floridian Aquifer, we’ve run out of capacity. If we get any additional usage, we’re gonna need to go to the lower Floridian aquifer and it has a difference quality of water,” Sladek said.

    [EXCLUSIVE: Become a News 6 Insider (it’s FREE) | PINIT! Share your photos]

    They’ll also need to $9 million from stormwater fees to enhance and maintain run-off, drainage and storm prevention.

    Sladek released two charts on Facebook showing taxpayers options to pay for the projects.

    “Either paying as you go which levels the rate based on repaying a $70 million loan over 30 years. The big triangle is what it would cost if we did not borrow the money,” Sladek said.

    Oviedo water fees may increase in the near future (Copyright 2024 by WKMG ClickOrlando – All rights reserved.)

    According to the water and sewer bill chart, the blue line shows that if taxpayers borrowed nothing for the water and sewer treatment facility.

    Over a 30 year span, taxpayers would see a slightly higher bill for two years and pay a more than $400 water bill for one year. After the period of high prices, the price would drop roughly $150 until the end of the payment period.

    The green line represents the option of borrowing money. The line shows initially the bill starts low, but it will continue grow at market value over the next 30 years.

    Oviedo water fees may increase in the near future (Copyright 2024 by WKMG ClickOrlando – All rights reserved.)

    This chart shows the stormwater bill 30 year span for the $9 million for stormwater improvements.

    If the city borrowed nothing, the blue line shows it would initially raise taxpayers bills by $13 or more. Afterwards, the price would raise gradually till the end of the 30 year span.

    The green line shows the growth of stormwater bill it they city borrowed $9 million for drainage, run-off and storm system improvements.

    The bill would start off low and increase overtime.

    “We’ll we wanna make sure that residence know that we considered borrowing and not borrowing,” Sladek said.

    They’re in the early stages of this right now, they’ll be discussing these options and asking for input from the public during the city’s meeting Monday at Oviedo City Hall at 5:30 p.m.

    Copyright 2024 by WKMG ClickOrlando – All rights reserved.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin Above $69,000 as Inflation Shows Signs of Easing Ahead of Fed Meeting
    Next Article La Niña’s Likely Return Will Undo Some of Past Year’s Crop Havoc – BNN Bloomberg

    Related Posts

    Utilities

    Advantage Utilities recognised for £500,000 energy savings at leading UK hotel

    April 27, 2026
    Utilities

    Amentum joins United Utilities’ commissioning framework

    April 26, 2026
    Utilities

    Utilities Up as Volatile Week Finishes Flat — Utilities Roundup

    April 24, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    PUC seeks feedback on utility performance

    August 9, 2024
    Bitcoin

    Tom Lee and On-Chain Data Hints Big December Move for Bitcoin

    November 27, 2025
    Stock Market

    Move Over, Tariffs! If a Stock Market Crash Takes Shape Under President Donald Trump, These 2 Factors Are Likely the Cause.

    March 7, 2026
    What's Hot

    ASIC Halts City Finance Lending Under DDO Order

    November 24, 2025

    I’m a property stager and sellers could increase the price of these 4 properties – if they followed my advice

    April 12, 2025

    Berenberg relève l’objectif de cours de PSP Swiss Property en raison de prévisions de bénéfices en légère hausse

    May 20, 2025
    Most Popular

    Crypto struggles to shake off October blues while commodities steal the show

    January 27, 2026

    Shanghai’s luxury property market thrives while downturn persists in mass housing segment

    March 30, 2025

    Major Indexes Fall After Jobs Report Comes in Far Worse Than Expected, Oil Nears $90 a Barrel; Dow Drops 550 Points

    March 6, 2026
    Editor's Picks

    Freezing dormant BTC would trigger worst single day repricing in bitcoin’s history, says maximalist

    April 26, 2026

    Dow Hits New Intraday High on Fed Day: Stock Market Today

    September 17, 2025

    Finance Q&A: How can I easily get a better return than CDs and Money Markets?

    August 11, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.