Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, August 30
    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

    Utilities Down on Rotation Into Tech — Utilities Roundup

    August 27, 2026
    Utilities

    Why the emergency response operating model must evolve for utilities

    August 26, 2026
    Utilities

    Utilities Inch Up as Traders Hedge on Yield, Inflation View — Utilities Roundup

    August 25, 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
    Stock Market

    Wall Street slips as Nvidia, tech stocks decline

    November 18, 2025
    Stock Market

    London stock market could face its biggest blow yet if AstraZeneca exits – NBC New York

    July 2, 2025
    Finance

    Tulsa Responds And FEC Join Forces To Help Families Build Financial Stability

    October 27, 2024
    What's Hot

    Echo Finance promotes two long-serving team members to leadership roles – The Intermediary

    April 21, 2026

    Vanguard Says: This Bond ETF Could Beat U.S. Stocks for Years

    February 17, 2026

    Chinese Property Tycoon Wang Jianlin Gets Luxury Ban After Wanda, Units Fails to Repay USD26 Million

    September 30, 2025
    Most Popular

    Trump bitcoin news: Trump Media (DJT) BTC holdings shrink as crypto losses hit $361 million

    August 10, 2026

    Massive Bitcoin Expansion: CME Debuts ‘Friday Futures,’ Nasdaq Pursues BTC Index Options

    August 28, 2024

    Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face downside risks as breakout attempts falter

    December 23, 2025
    Editor's Picks

    Crypto Market Update August 16: Bitcoin, Ethereum and XRP Stall Ahead of FOMC Minutes

    August 16, 2026

    Is It All Over For Bitcoin ATMs? Bitcoin ATM Empire Hits Bankruptcy

    May 19, 2026

    Rochelle Humes shows off the huge house she’s building with her husband Marvin as she teases it will FINALLY be finished next year – three years after purchasing the property

    November 27, 2025
    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.