1. Water Rates for FY2027 Will Be Lower Than Previously Projected, Partly Due to Pacheco Reservoir Pause The proposed FY2027 budget reflects the Board's prior decision to pause the Pacheco Reservoir expansion project, which directly contributes to lower water rates than were projected last year. The total proposed budget is approximately $1.28 billion (net), with revenues of $810.8 million in FY27 and $821 million in FY28. The gap between revenue and expenses is filled primarily through debt proceeds ($526 million in FY27). Groundwater charge increases are planned to keep the water utility fund financially healthy, but the Anderson Dam seismic retrofit bid opening in June could alter rate projections.
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