The Board voted to set the 2026 water delivery price at $150 per acre-foot. This represents a decrease from last year's rate but required an approximately $2.4 million transfer from reserves to bridge the gap between the break-even rate of ~$190/acre-foot and the approved price. The Board acknowledged that growers are facing economic headwinds this year and that reduced deliveries (roughly 33% less water than last year) would have pushed the break-even price even higher without reserve support. Note: the transcript’s vote tally is unclear and should be verified.
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