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Santa Clarita’s water rates could leap next year

Posted by: Maven on July 9, 2009 at 6:34 am

From the Santa Clarita Valley Signal:

Customers will inevitably feel the pinch if the local state water contractor decides to raise wholesale water rates. Castaic Lake Water Agency Finance Committee will begin a two-month study on wholesale water rates on July 14, said Dan Masnada, Castaic Lake Water Agency general manager.

Under the proposed rate increase, water agency wholesale rates could shoot from $295 per acre foot to $400 per acre foot, Masnada said. If approved, the proposed rate increase will begin in January 2010.

Masnada blames rate stabilization and the cost of operations as the culprit in the proposed increase. “The last three years we weren’t fully funding our operating budget through rates,” he said. Property taxes picked up the portion of operations costs not paid for by the rate structure.

Read more from the Santa Clarita Signal by clicking here.

July 9, 2009 · Filed Under Water Agency News

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