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Board approves first‑reading increase to wastewater, water and power interim funding programs
Summary
Supervisors approved on first reading an ordinance increasing the Wastewater Enterprise Interim Funding Program from $750 million to $1.25 billion and related water and power interim funding amounts to finance short-term capital projects for city utilities.
The Board approved on first reading an ordinance that raises aggregate principal caps for several enterprise interim funding programs. The Wastewater Enterprise Interim Funding Program (WEIFP) cap was described as increasing from $750,000,000 to $1,250,000,000. Clerk's remarks also noted related increases: a secondary WEIFP amount from $500,000,000 to $750,000,000 for water enterprise projects, and the power enterprise interim funding program from $250,000,000 to approximately $450,000,000 to finance short-term capital projects.
The clerk read the ordinance and the board took it "same house, same call," recording that "The ordinance is passed on 1st reading." The transcript does not include item-level debate or additional detail about which capital projects will draw on the increased authority; those implementation plans and project-by-project funding decisions were not discussed at this meeting.
