SAN DIEGO (KGTV) - The Sweetwater Authority Monday night voted to approve rate hikes for its customers in the South Bay.
The approval allows rates to increase every year from 2020 to 2024. Sweetwater Authority officials said the rate hikes are necessary to:
- Recover current and projected costs of operations and maintenance, and capital infrastructure improvements needed to repair and update the Authority’s aging water system
- Recover the costs of imported wholesale water and prepare for periods of reduced local water supply
- Maintain operational and financial stability
- Comply with state mandated regulatory requirements
- Meet and comply with annual debt service requirements
- Avoid operational deficits and depletion of reserves
The Sweetwater Authority services customers in Bonita, National City and neighborhoods in west Chula Vista.