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The money would be spread over a period of 18 years, starting next April.
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Hillsborough County officials say the water still meets local, state and federal regulations, but may have a different taste and smell.
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Miami-Dade, Hillsborough and Palm Beach remove parental opt-outs in defiance of the governor as President Biden calls for legal action against states that block health measures to protect students.
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The Hillsborough County School Board will discuss ways to curb the spread of the virus in schools.
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It could be attributed in part to the slowing of vaccinations and scaling back of mitigation efforts.
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Fish kills continue to pollute the waters around downtown St. Petersburg and smaller die-offs were reported in Pasco, Hillsborough, Manatee and Sarasota counties.
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Tons of dead fish have washed ashore in the wake of Tropical Storm Elsa. On Sunday, Pinellas health officials recommended that anyone with respiratory problems consider avoiding county beaches.
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As coronavirus cases decline, Hillsborough County officials say the need and demand for the services has dropped.
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Officials cite a downward trend in the positivity rate and number of cases, as well as a decrease in demand for tests. Testing is still available at pharmacies and other providers.
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But no vote is imminent in Hillsborough County as some parents are demanding the face-mask policies end immediately.