Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, June 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

    City utilities don’t have to give extensions to life support customers

    June 30, 2025
    Utilities

    Western State Utilities Plan To Mitigate Wildfires, Others Unprepared

    June 28, 2025
    Utilities

    Springfield City Utilities to save $1.3 million yearly after bond refinance

    June 27, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Action Ganglong China Property Group Limited | Cours 6968 Bourse Hong Kong S.E.

    July 31, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007

    les fondamentaux de l’or restent bons

    September 4, 2007
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Utilities

    Comerica Bank Has $156,000 Stock Holdings in BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI)

    August 18, 2024
    Property

    China Merchants Property Operation & Service Co. annonce ses résultats pour l’exercice clos le 31 décembre 2024 -Le 16 mars 2025 à 08:32

    March 15, 2025
    Bitcoin

    La plus grande banque russe Sberbank lance des obligations basées sur le Bitcoin (BTC)

    June 3, 2025
    What's Hot

    Bitcoin rugit et les analystes disent que les altcoins pourraient être suivants

    May 22, 2025

    How to Find Strong Utilities Stocks Slated for Positive Earnings Surprises

    April 3, 2025

    Yuexiu Property remporte un appel d’offres de 1,10 milliard de yuans pour un terrain à Hangzhou, en Chine

    April 2, 2025
    Most Popular

    London markets weaken as oil prices slip

    July 23, 2024

    As global stock markets tumble by up to 12%

    August 5, 2024

    Fountain residents recieve call about increased water bill, utilities claims houses had leaks

    October 21, 2024
    Editor's Picks

    Principales raisons pour lesquelles Bitcoin a gagné aujourd’hui, le 19 mai

    May 19, 2025

    Augmentum Fintech plc – Capital Markets Day Update

    June 17, 2025

    Macy’s misses on Q2 sales as it opts to double down on new strategy over buyout deal

    August 21, 2024
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

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