Tag Archive for: Increasing water cost

San Diego’s Steep Water Price Hikes, Falling Demand Prompt Fitch to Downgrade Fund Outlook

Fitch Ratings downgraded the outlook for San Diego’s water fund from “stable” to “negative” this week because of rising debt and concerns that city water rates won’t be able to go much higher once proposed 61% rate hikes have taken effect. Other factors in the downgrade are sharp increases in what the city pays for imported water and falling demand for water among city customers, especially during the rainy fiscal year that ended last June.