The Coachella Valley Water District has released a revised annual budget for fiscal 2021 that represents the hard economic realities of operating during the coronavirus pandemic.
The new budget, which is currently a staff proposal, proposes a $40 million decrease in spending compared to the current fiscal year, which ends June 30. It will be discussed at board of directors meetings on Monday and Tuesday.
“Though we have a tremendous pent-up demand for facilities repairs and upgrades, we have committed to imposing no rate increases in FY 2021,” the staff presentation about the updated budget proposal says. “Instead, we have cut operating expenses and are temporarily tapping into our emergency reserves.”