This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

WRD Approves Groundwater Replenishment Assessment

LAKEWOOD, Calif., May 10, 2013 /PRNewswire-USNewswire/ -- The Water Replenishment District of Southern California (WRD) approved its Replenishment Assessment (RA) of $268.00 for 2013-2014 at a public hearing on May 10, 2013 after having nearly a dozen budget workshops to ensure that stakeholders understood the details of the RA.  The funds generated from the RA cover the cost of water purchased to replenish the two largest and most utilized groundwater basins in Southern California.

(Logo: http://photos.prnewswire.com/prnh/20110121/DC34153LOGO )

The RA was approved after an extensive and transparent process to inform all parcel owners and groundwater pumping rights holders in the WRD service area. Over 800,000 notices were sent to every record owner of every parcel of real property within its jurisdiction that services 4 million residents in 43 cities covering over 420 square miles.

WRD has garnered multiple awards for its budget and financial reporting processes over the past 10 years and was recently awarded the highest recognition in the area of government and financial accounting by the prestigious Government Financial Officers Association – a feat unmatched by most public agencies. 

Groundwater accounts for 40% of the overall water supply in WRD's service area, and is about one-fourth the cost of the alternative –imported water from the environmentally sensitive Bay Delta and the drought plagued Colorado River.  Moreover, WRD continues to make significant progress on its effort to develop local water replenishment sources to eliminate our need for these expensive and unreliable imported water supplies.  This effort, known as WRD's WIN Program, or Water Independence Now, will be complete in approximately 5-years, and upon completion will assure a completely locally sustainable groundwater supply for the residents within the WRD service area and will minimize future rate increases.  The new RA is critical to helping achieve WRD's goal for 100% independence from costly and unreliable imported water.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs