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The Metropolitan Water District of Southern California

Review of Applicability of Property Tax Limit

2020 Board Review of MWD Act Section 124.5 Applicability for FYs 2020/21 and 2021/22 Property Tax Rates


The Metropolitan Water District Act at Section 124.5 limits property taxes to pay (1) principal and interest on Metropolitan's general obligation bonded indebtedness and (2) Metropolitan's portion of principal and interest on bonds issued pursuant to the California Water Resources Development Bond Act as of the effective date of Section 124.5 (Burns-Porter Act bonds) and used to finance construction of facilities for the benefit of Metropolitan. The restrictions in Section 124.5 "do not apply if the board of directors of the district, following a hearing held to consider that issue, finds that a tax in excess of these restrictions is essential to the fiscal integrity of the district, and written notice of the hearing is filed with the offices of the Speaker of the Assembly and the President pro Tempore of the Senate at least 10 days prior to that date of the hearing." On March 10, 2020, the Board will hold such a hearing for public comment, and on April 10, 2020 the Board will consider the applicability of Section 124.5 in advance of setting the tax rates for FY 2020/21 in August 2020 and FY 2021/22 in August 2021.

124.5 Notices to Legislature for March 2020 Public Hearing


Board Materials and Presentations

February 10, 2020 Board Letter 8-1

Set Public Hearing for Water Rates and Charges for CYs 2021 and 2022 and Applicability of MWD Act Section 124.5 on AV Valorem Property Tax for FYs 2020/21 and 2021/22, 8-1 Presentation (F&I Committee, Feb. 10, 2020)

Review of MWD Act Section 124.5 Ad Valorem Property Tax Limitation for Fiscal Years 2020/21 and 2021/22 Presentation (F&I Committee, March 9, 2020)

F&I Commitee Meeting Video (March 9, 2020)

March 10, 2020 Board Letter 9-2

Board Meeting Video (March 10, 2020)

Past Board Determinations

2018 Board Determination

2016 Board Determination

2015 Board Determination

2014 Board Determination

2013 Board Determination

State Water Contract Documents

Consolidated Contract through Amendment No. 28

Original Contract with Attached Amendments through No. 28

DWR SWP Statements of Charges (2010-2018)

DWR SWP Statements of Charges (2018-2020)

Estimated Power Rates for Planned SWP Receipts

Finance and Disclosure Documents



Review Applicability of Property Tax Limit