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.
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.
The San Diego County Water Authority Board of Directors today approved a $1.42 billion budget to fund water purchases, capital expenditures, debt service and operating expenses from July 1, 2011 through June 30, 2013.
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.
Gov. Jerry Brown and Assembly Speaker Toni Atkins today rallied support for Proposition 1, a $7.5 billion state water bond on the Nov. 4 ballot, during a visit to the San Diego County Water Authority headquarters.
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.
“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.
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.
The San Diego County Water Authority on Wednesday priced a $195 million bond sale that will reduce the cost of financing vital water supply reliability projects over the next two decades.
SAN DIEGO — The Metropolitan Water District of Southern California is collecting excess funds from Southern California water ratepayers at the rate of about $707,000 a day, according to new data posted at www.mwdfacts.com.