From The Pueblo Chieftain (Chris Woodka):
A $22.5 million budget was reviewed Thursday by the Southeastern Colorado Water Conservancy District board.
The board will meet at 11 a.m. Dec. 3 to give final approval to the budget.
Most of the budget, about $12.3 million, goes toward repaying the federal government for construction of the Fryingpan-Arkansas Project. Of that, $5.3 million repays the Fountain Valley Conduit through an assessment only on the portion of the district in El Paso County, according to a presentation by Leann Noga, finance coordinator.
Districtwide, a 0.9 mill levy will collect about $7 million to repay the Fry-Ark debt. The rate will not change.
A total operating budget of $4 million is projected, funded by a 0.035 mill levy, specific ownership tax, enterprise contract revenues and grants.
The district’s primary projects in the coming year will be continued work on the Arkansas Valley Conduit, negotiating a federal contract for an excess capacity master contract to store water in Lake Pueblo and adding hydropower to the North Outlet Works at Pueblo Dam.
The hydropower project is a joint venture with Colorado Springs Utilities and Pueblo Water and is expected to total $5.2 million, but the cost is reflected in the Southeastern district budget since it is the lead agency.