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Transferring Utility Profits to a Municipality’s General Fund Increases the Risk of Undercapitalization of Water Assets and Violate Taxpayer Accountability

Local Government, Research, Taxes

Setting water utility rates that incorporate the recovery of the costs associated with standard operating expenses and debt obligations is essential to ensuring the short-term and longer-term financial stability of the utility. Once these costs are covered, many publicly owned utilities make transfers to the General Fund (a practice known as “sweeping”) ostensibly to help pay for governmental services that do not generate revenue (e.g., roadway maintenance, public safety, etc.) and to help keep property taxes lower. Keeping property taxes low often means higher municipal utility rates to balance the general budget, a habitual practice that burdens utility customers with cross-subsidies and normalizes underinvestment in infrastructure.

Florida TaxWatch Announces Chiefland Middle High School Principal Matthew McLelland as a 2022-23 Principal Leadership Awards Winner

Releases

Chiefland, Fla. – Today, Fri., March 31, Florida TaxWatch (FTW) will proudly announce that Chiefland Middle High School Principal Matthew McLelland is among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principal McLelland has also identified one deserving student to receive a full two-year Florida Prepaid College Scholarship.

Florida TaxWatch Announces Richardson Sixth Grade Academy Principal Lisa Lee as a 2022-23 Principal Leadership Awards Winner

Releases

Lake City, Fla. – Today, Thurs., March 30, Florida TaxWatch (FTW) will proudly announce that Richardson Sixth Grade Academy Principal Lisa Lee is among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principal Lee has also identified one deserving student to receive a full two-year Florida Prepaid College Scholarship.  

Florida TaxWatch Announces Oasis Middle School Principal Edna Bailey as a 2022-23 Principal Leadership Awards Winner

Releases

Bradenton, Fla. – Today, Wed., March 29, Florida TaxWatch (FTW) will proudly announce that Oasis Middle School Principal Edna Bailey is among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principal Bailey has also identified one deserving student to receive a full two-year Florida Prepaid College Scholarship.

Florida TaxWatch Announces Evans High School Immediate Past Principal Rolando Bailey as a 2022-23 Principal Leadership Awards Winner

Releases

Orlando, Fla. – Today, Mon., March 27, Florida TaxWatch (FTW) will proudly announce that Rolando Bailey – Evans High School Immediate Past Principal, now Orange County Public Schools’ Area Superintendent for the Southeast Learning Community – is among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principal Bailey has also identified one deserving student to receive a full two-year Florida Prepaid College Scholarship.

Florida TaxWatch Announces Middleburg Elementary School Principal Becky Wilkerson as a 2022-23 Principal Leadership Awards Winner

Releases

Middleburg, Fla. – Today, Fri., March 24, Florida TaxWatch (FTW) will proudly announce that Middleburg Elementary School Principal Becky Wilkerson is among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principal Wilkerson has also identified one deserving student to receive a full two-year Florida Prepaid College Scholarship.

Florida TaxWatch Announces Indian Ridge School and Rosenwald Elementary School Principals as 2022-23 Principal Leadership Awards Winners

Releases

West Palm Beach, Fla. – Today, Thurs., March 16, Florida TaxWatch (FTW) will proudly announce that Indian Ridge School Principal Eugene Ford and Rosenwald Elementary School Principal Bruce Hightower are among the nine winners of the Florida TaxWatch 2022-23 Principal Leadership Awards (PLA). Through the program, Principals Ford and Hightower have also each identified one deserving student to receive a full two-year Florida Prepaid College Scholarship. 

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