During a joint regular meeting of the Rancho California Water District finance and audit committee and a special meeting of the board of directors, Thursday, Sept. 3, the district committee agreed to implement the 2020 Plan of Finance and authorize RCWD’s general manager to negotiate and enter into agreements for proposed bond issuances to save the district an estimated $1.3 million.
With no increase to ratepayers for the foreseeable future, the Helix Water District’s governing board passed the district’s fiscal year 2020-21 budget earlier this month.
This year’s budget of $80.1 million is only slightly above last year, which was $79.5 million.
The Santa Fe Irrigation District approved three percent water rate increases for the next three years at a Jan. 16 hearing. The first bills will go out to customers on April 1 using a new five-tier residential rate structure that differentiates between meter sizes in higher tiers.
The rate increases aim to help meet the district’s objectives to ensure equity across customer classes, encourage conservation and maintain financial stability as it faces challenges such as the rising costs of imported water.
The Santa Fe Irrigation District board recommended moving forward with a new five-tier rate structure for its proposed three percent water rate increase. The vote was 4-1 with Director Marlene King opposed.
The Santa Fe Irrigation District (SFID) board is expected to make a final decision on the rates by January 2020 to ensure the financial stability of the district and meet its objectives of equity across customer classes and encouraging conservation.
The Water News Network is San Diego County’s source for water news and information.
