Sweetwater Authority approves $72.35 million budget for Fiscal Year 2025-26, emphasizing long-term financial sustainability and funding critical infrastructure.
Chula Vista, CA – At its meeting on June 11, the Sweetwater Authority Governing Board (Board) approved a $72.35 million budget for Fiscal Year (FY) 2025-26. The budget prioritizes long-term financial sustainability by strategically utilizing reserves, moderating rate increases, and investing in critical infrastructure.
The FY 2025-25 budget allocates $13.4 million in capital investments for projects such as the Sweetwater Reservoir Aeration System. The budget also establishes a PFAS Mitigation Reserve, which will be funded by proceeds from legal settlements. A proposed water rate adjustment was reduced from 6.5% to 3.25% due to high-than-expected prior-year revenues and operational cost savings.
The Board reauthorized the Water Affordability Program, which remains fully funded through non-rate revenue. Customers experiencing financial hardship can apply online or in person at our Administration Building.
“This budget reflects our commitment to provide reliable water that meets state and federal standards at affordable rates,” said Chair Manny Delgado. “By making strategic decisions in the prior year, we project a stable financial outlook despite inflationary pressures, increasing operational costs, and rising wholesale water rates.”
A full copy of the budget can be found at www.sweetwater.org