The City Council is poised to take a major step Tuesday towards weaning Santa Monica away from outside water sources by funding two major projects totaling nearly $14 million.
In March, staff reported a funding gap of approximately $53 million for water self-sufficiency projects due to the impacts of the COVID-19 shutdown.
To bridge the gap, the Council on March 23 authorized the City Manager to seek up to $84.5 million in federal credit assistance.
The budget gap came one year after Santa Monica doubled its water rates in an effort to meet its water self-sufficiency goal.
Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2021/June-2021/06_18_2021_City_Poised_to_Pump_14_Million_Into_Water_Projects.html