Fitch Ratings and S&P Global Ratings affirmed “AA+” ratings for Sarasota County’s utility system revenue and refunding bonds. The utility currently is issuing approximately $154 million Utility System Revenue Bonds, Series 2025 to fund portions of the enhancements and expansion of its Venice Gardens Water Reclamation Facility (VGWF), including conversion to Advanced Wastewater Treatment (AWT) process by the end of 2027 and expansion of daily treatment capacities and fully operational by mid-2028. The upgrade to AWT will meet Florida Department of Environmental Protection (FDEP) requirements and standards by June 2025. The facility is also being expanded to increase treatment capacity from 3 million gallons per day to 6 million gallons per day. According to Sarasota County Administrator Jonathan Lewis, the Series 2025 Bonds are the major funding components for upgrades to the VGWRF and we are very pleased with the “AA+” ratings with stable outlooks.

To learn more click here