5 Million Dollars

27 Oct 2014 by Matthew Kwan, No Comments »

Phoenix will need about 5 million dollars a year to fund the Colorado River. The Phoenix City Council will vote to establish the Colorado River Resiliency Fund. If this is approved, the city will refinance water-department debt to invest about 5 million dollars every year. The fund will assist in conserving the remaining water supply in the Colorado River.

The money will go towards an agreement announced this month allowing Phoenix to store its Colorado River water further in Tucson. The fund doesn’t have a time limit where the fund can be used for storage and conversation.

There is roughly an amount of water that occupies half of the Colorado River, after the 15 years of drought. Bad results of water shortages have been felt in California already, where water rationing began in the 1990s. “If we have another tough year next year, it’s going to be pretty ugly in California,” said Jeff Kightlinger, general manager of the Metropolitan Water District of Southern California.

Furthermore, incentives may be made for the conservation by a U.S. pilot program announced this month. With all of this occurring, Arizona could face some of its first supply cuts when the water shortage of the Colorado River is declared.

Image Source:

http://www.desertusa.com/colorado/intro/du_introcr.html

Sources:

http://www.azcentral.com/story/news/local/arizona/2014/10/17/phoenix-seeks-million-year-colorado-river-fund/17398005/

http://www.dailynewsen.com/local/phoenix-seeks-5-million-a-year-for-colorado-river-fund-h2769661.html

 

 

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