Tuesday Top of the Scroll: Feds are flooding California’s water market
Who could forget last May, when Arizona, California and Nevada made a three-year pact to conserve water from the Colorado River? Many thought it couldn’t be done, but with Lake Mead reservoir levels at a historic low, and the federal government poised to wrest control of the process, the states agreed to conserve 10 percent of their water — nearly a billion gallons — between now and 2026. The deal, greased by an unusually wet winter, was made possible by $1.2 billion in funding from the Inflation Reduction Act that would pay water users to conserve. But those payments, whose contracts are being finalized, may come with a heavy toll over how much the feds are prepared to shell out. A new investigation from POLITICO shows that much of the water states agreed to save under new federally-funded contracts was already accounted for under cheaper, pre-existing agreements.
Related articles:
- Desert Review: Metropolitan Water District forges partnerships to secure Colorado River water in Lake Mead
- Pagosa Daily Post: BIG PIVOTS - Dealing with less water in Colorado, part one
- Mesa Tribune: Are Mesa’s water stories too scary?