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Commission amends budget to park PFAS settlement proceeds in water reserve
Summary
The commission approved a budget amendment to record expected settlement proceeds from the 3M / DuPont PFAS litigation in the water operations fund and to hold the net proceeds in the water reserve for future utility‑related uses such as system investments, operations or rate stabilization.
The commission voted Tuesday to amend the fiscal‑year 2024‑25 budget to record anticipated proceeds from multi‑jurisdictional settlements related to PFAS (the chemical family often associated with the 3M and DuPont litigation) and to place the city’s share in the water operations reserve.
Finance staff told commissioners that the city expects settlement receipts in the coming…
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