The San Diego County Water Authority today cut its current two-year budget by $37 million, or 2.5 percent, as part of its ongoing effort to reduce costs, adopt efficiencies and leverage partnerships while maintaining critical programs. It was the first time in at least a decade that the agency has de-appropriated money during a budget cycle because of savings in its Capital Improvement Program.
Category Archives: Finance & Investor Relations
Water Authority Responds to State Drought Relief Financing and Assistance Legislation
"We applaud the rapid response and leadership demonstrated by California's leaders today – Governor Brown, Senate President Pro Tempore Steinberg and Speaker Pérez – in announcing drought relief financing and assistance legislation,” said Thomas V. Wornham, Chair of the San Diego County Water Authority’s Board of Directors.
Water Authority’s Proposed 2019 Rate Increases Smallest in Years
Water rate increases proposed by the San Diego County Water Authority staff for 2019 are among the smallest in the past 15 years due to financial benefits secured through litigation against the Los Angeles-based Metropolitan Water District of Southern California and the Water Authority’s planned use of its Rate Stabilization Fund. Rates charged to the Water Authority’s 24 member agencies would increase by 0.9 percent for treated water and 2.9 percent for untreated water in calendar year 2019, according to a proposal to be presented to the Water Authority’s Board of Directors on Thursday, May 24. The Board is scheduled […]
Water Authority Board Endorses State Bond to Fund Natural Resource Upgrades
The San Diego County Water Authority’s Board of Directors today voted to endorse Proposition 68, a state bond measure that would fund projects important to the San Diego region and allocate more than $1 billion for water-related initiatives statewide. If passed by California voters on June 5, the bond would provide $200 million to Salton Sea restoration activities and $12 million for the San Diego River Conservancy as part of a $4 billion package to address natural resource issues across California. “Robust Salton Sea funding in this bond measure is significant for San Diego County because it supports agreements that […]
Water Authority Board Votes to Support State Water Bond
The San Diego County Water Authority’s Board of Directors today voted unanimously to support Proposition 1, a $7.5 billion state water bond measure on the Nov. 4 ballot. If passed by California voters, it would invest in new water supply development and large-scale water infrastructure projects important for the future of San Diego County and the rest of the state.
San Diego Region Attracts More Than $15 Million for Water Projects
The San Diego region has been awarded more than $15 million in fast-tracked funding by the state Department of Water Resources for a variety of projects aimed at increasing local water supplies and decreasing demands. Together, the projects will produce or save more than 12,000 acre-feet of water annually, enough to serve nearly 25,000 typical four-person homes.
Water Authority Recommends $1.5 Billion Budget for Fiscal Years 2016 and 2017
The San Diego County Water Authority’s general manager on Thursday recommended 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.
Water Authority Reinstates Water Conservation Rebates for Residents
To help more residents prepare for the start of mandatory water use restrictions in many parts of the region, the San Diego County Water Authority is providing $450,000 to reinstate a water conservation rebate program. The rebates will be available now through June 30 or until funding runs out.
All-American Canal Lining Project reaches critical milestone
The Imperial Irrigation District, San Diego County Water Authority, state Department of Water Resources and Bureau of Reclamation today celebrated the pending completion of the All-American Canal lining project, an innovative and collaborative effort that will play a key role in helping California conserve much-needed water supplies.
“This is a project whose time had clearly come,” said IID General Manager Brian Brady. “The era of limits on the Colorado River imposes new expectations – and responsibilities – on all water users.”
Metropolitan Water District Approves Water Supply Cutbacks, Significant Rate Hike
In response to continuing drought conditions and regulatory restrictions on water supplies from Northern California, water supply deliveries from the Metropolitan Water District of Southern California to the San Diego County Water Authority will be reduced by 13 percent starting July 1.
As a result of actions taken Tuesday by MWD’s board of directors, San Diego County residents and businesses will face mandatory water use restrictions designed to ensure the region does not exceed its water supply allocation from MWD.