FKAA Board Decides Against 10% Water Rate Increase

FKAA Board Decides Against 10% Water Rate Increase

Florida Keys – July 26, 2017 – The Florida Keys Aqueduct Authority’s Board of Directors, at its board meeting today, declined to bond $50 million dollars, the majority of which was slated to fund a new 4 million gallon per day reverse osmosis facility on Stock Island.

In light of recent discussions with State Representative Holly Raschein about the possibility of State funding to support the project the Board directed staff to provide a budget that will not require bonding and will forgo water rate increases of 5% percent for 2017 and 5% for 2018.

For additional information contact Julie Cheon, Public Information Manager, at [email protected] or (305) 295-2150.

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