Water Authority Board Adopts $1.7 Billion Two-Year Budget

The San Diego County Water Authority’s Board of Directors today adopted a $1.7 billion budget for fiscal years 2020 and 2021. The new budget is up 5 percent from the current two-year budget, due largely to increasing costs for water supply, supply reliability and infrastructure improvements.

Following a public hearing, the Board also approved an increase in wholesale water rates for calendar year 2020. Although the Water Authority’s budget spans two fiscal years, the agency sets rates annually to more effectively manage changing conditions.