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Diversion Authority finance committee approves $1.02 billion 2026 cash budget
Summary
The Diversion Authority Finance Committee on Dec. 17 approved the authority’s final 2026 cash budget of $1,016,893,807 and cleared a related amended ICE agreement; staff said WIFIA draws are expected to begin in early 2026 and some project costs will carry into later years.
The Diversion Authority Finance Committee voted Dec. 17 to approve the authority’s final 2026 cash budget of $1,016,893,807.
Paul Comer, presenting the budget, said the authority’s calendar-year cash plan exceeds $1 billion and highlighted several carryovers and funding sources. “We are now over $1,000,000,000 for the calendar year 2026,” Comer said, noting some land acquisitions and mitigation payments would be pushed into 2027 and that staff expect cleanup and transition payments to continue…
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