KCET: $16 Billion Delta Tunnels May Hit Taxpayers

Contact: Barbara Barrigan-Parrilla, Restore the Delta, 209-479-2053, barbara@restorethedelta.org
In case you missed it…
KCET (Southern California)
$16 Billion Delta Tunnels May Hit Taxpayers
By Chris Clarke
September 29, 2016
Original link.
“I believe that next to Delta people, Southern California people will be the most harmed [by this project],” Restore The Delta’s executive director Barbara Barrigan-Parrilla told KCET.
And that raises the possibility of another route by which taxpayers might end up footing some of the bill for the project: MWD has the authority to levy property taxes, the proceeds from which the company typically uses to fulfill debt obligations. In the 2014 draft agreement, DWR would collect money from other SWP customers to pay down those companies’ share of MWD’s debt. But if those companies are unable to pay, MWD property owners could end up shouldering that burden.
Read full article

Related Posts