December 1, 2016
The Civic Federation supports the Metropolitan Water Reclamation District’s FY2017 Tentative budget of $1.13 billion because the District continues to demonstrate a sensible and proactive approach to meeting its financial challenges.
As mentioned in the full report, the FY2017 Tentative budget is 9.0% less than the FY2016 adjusted budget of $1.24 billion, which is due to the variance that often occurs between budget years, reflecting the District’s multi-year capital projects. The FY2017 budget also continues to maintain substantial reserves, a high level of liquidity and other safeguards to cover potential shortfalls without having to resort to short-term borrowing.
The Metropolitan Water Reclamation District’s Fiscal Year begins January 1, 2017 and ends December 31, 2017.
Please click here to read the press release for this report.
Download this Report (841.88 KB)