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Metropolitan Water District Cancels Funding for Local Water Supply Projects in Retaliation for Lawsuit Challenging its Rates

San Diego ratepayers will pay nearly $23 million to the Metropolitan Water District of Southern California (MWD) this year to help fund local conservation and water supply development projects like seawater desalination, groundwater and recycled water – more money than any other water district in Southern California.

Water Authority Receives GFOA 2010 Excellence in Financial Reporting Award

The San Diego County Water Authority has received the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA) for its Fiscal Year 2010 Comprehensive Annual Financial Report (CAFR).  This is the 11th consecutive year that the Water Authority has received the certificate, which is considered the highest form of recognition in governmental accounting and financial reporting.

Water Authority Executes $86.63 Million Subordinate Lien Bond Sale

The San Diego County Water Authority today successfully completed bond sales of $86.63 million as part of its strategy to diversify its debt portfolio and reduce the rate volatility and cost of financing vital water supply reliability projects. 

The sale, Subordinate Lien Water Revenue Refunding Bonds Series 2011S-1, refinanced $100 million of outstanding variable rate debt with five-year, fixed-rate bonds.  The bonds locked in an interest rate of 1.48 percent. 

More Than $31 Million Awarded to Water Projects in San Diego Region

The San Diego region has been awarded $31.1 million in grant money by the state Department of Water Resources for a variety of projects that will increase local water supplies, decrease water demands, improve water quality, manage stormwater, restore habitat and enhance species.

Water Authority Responds to Release of New Bay-Delta Documents

“The future of the Bay-Delta is important to all Californians, as is the strategy that the state adopts to address the Bay-Delta’s many costly and complex environmental and water supply challenges. The Water Authority will review the new set of California WaterFix documents and likely provide formal comments in keeping with our longstanding efforts to promote viable and cost-effective solutions in the Bay-Delta.

Water Authority Adopts $1.5 Billion Budget for Fiscal Years 2016 and 2017

The San Diego County Water Authority’s Board of Directors today adopted a $1.5 billion budget for fiscal years 2016 and 2017, up 2 percent from the current two-year budget due largely to higher costs for the purchase and treatment of water. The Board also adopted rate increases for 2016 of 6.6 percent for untreated water and 5.4 percent for treated water; actual increases will vary among the Water Authority’s 24 member agencies based on differing circumstances among the agencies.