|
Following more than a year of discussions, field trips and workshops, Metropolitan's Board of Directors unanimously adopted a two-year budget on April 14.
The biennial budget includes funding to rehabilitate aging infrastructure, hire additional staff and advance planning of the Pure Water Southern California recycled water program.
“The budget approved today advances Metropolitan’s mission to prepare Southern California for the future,” General Manager Shivaji Deshmukh said following the budget's passage. “While we are reinvesting in the reliability of our existing water delivery system, we are also taking important steps to ensure the region has access to water supplies amid a changing climate.”
The new operating budget totals $2.3 billion in 2026/27 and $2.4 billion in 2027/28.The board approved overall rate increases of 6.2% on Jan. 1, 2027 and Jan. 1, 2028, charged to Metropolitan’s 26 member agencies.
The budget also anticipates a small increase to the voter-approved special tax Metropolitan levies on properties in its Southern California service area, amounting to an increase of approximately $12 a year for the average value home in the area.
Read the press release.
|