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Water Department reports $414M in Resources Trust Fund but warns of multibiennium shortfall
Summary
The Department of Water Resources reported a Resources Trust Fund balance of about $414 million and a Water Project Stabilization Fund balance of $157 million, while projecting a $600M–$1.3B shortfall against a 14-year need estimate of $3.4B; staff described carryover, obligations, and a $210M line of credit used to accelerate projects.
The Department of Water Resources told the Water Topics Overview Committee that the Resources Trust Fund balance is approximately $414 million and the Water Project Stabilization Fund about $157 million as of the report. Rhys Haas, DWR director, said these balances feed several priority project buckets (regional water supply, rural water, flood control) and that the State Water Commission has already obligated a large share of recent appropriations to major projects such as the Red River Valley Water Supply and Southwest…
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