For the third year in a row, MWD’s board voted to increase the amount of money it collects from property taxes. MWD has collected almost $800 million more than necessary to pay for items in its adopted budgets over the past three years, so the collection of more revenue from taxes was not, and is not necessary for MWD’s fiscal health.
Further, MWD’s board is raising tax revenue, one year at a time, without the context of a comprehensive financial plan. MWD needs long range planning and a sound long-term fiscal strategy to make responsible decisions instead of just continuing to raise and spend tax taxpayer monies.
To read the Water Authority’s letter opposing the Board’s finding that raising more money from property taxes is essential to the fiscal integrity of the district, click here: