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El Paso Water outlines fourth‑quarter 10% drainage fund figures, notes $3 million MLK payment
Summary
El Paso Water presented its FY2025–26 fourth‑quarter report for the 10% drainage utility fee fund: starting balance $6,765,540, fourth‑quarter allocation $1,111,212, interest $65,660, MLK payment $3,000,000, ending balance $4,906,288; staff said additional MLK payments of $2,000,000 annually are expected for the next three years.
Jonathan Purcell, real estate manager for El Paso Water, presented the fourth‑quarter fiscal figures for the 10% drainage utility fee fund (December through February reporting period).
Purcell reported a balance as of Dec. 1 of $6,765,540; a fourth‑quarter…
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