WSP13006

• File Number: 8131.600
• Description: Southeastern Water Conservancy District
• State: CO
• Basin: Arkansas
• Author: SEWCD
• Title: Newsletters - 6
• Water Supply Pro - Doc Type: Publication

2004 Bud~et
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Preparation

The 200-1- budget prepa-
ration began August 22.
2003 \yith the receipt of
the "Cenification of
Y aluation" sheets from
the nine county Assessors
in the District. The pre-
limina~' budget Kill be
handed out to the Board of
Directors for the District
by October 15. 2003. The
public presentation of the
budget \\-ill be made at the
~O\'ember 20 Board meet- I
ing. Comments Kill be ac-
cepted thereafter and the
final budget \yill be pre-
sented to the Board for fi-
nal approyal at the De-
cember meeting.
The final :\lill Leyy cer-
tifications must then be
deliwred to each County
Commissioner by Decem-
ber 15.2003.
The Operating .\Iill
Leyy receipts may de-
crease this year due to the
TABOR calculation as re-
quired by state la\y. The .
contract repayment mill !_~
leyy is outside of the L\- .
I
BOR requirements and I
therefore \\-ill comply \yith I
the 5.500 increase as al- ;
lo\wd by state la\y.
.-\ major pan of the
budget \\-ill be the receipts
from the Aurora District ;
IGA. Other components of I
the budget Kill be dis-
closed at the October
Board meeting.
\\-ritt;;:n by Phil R;;:~nolds.
CFO, SEC\YCD

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Referendum A
Revenue Bonds for Water Projects

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This year a state laK
(Senate Bill 03-236) \yas
passed that establishes a
process for the Colorado
\Yater C onseryation Board
(C\\TB). to borroK money
for Kater projects. The bill
refers the funding authoriza-
tIon to state \'oters
consistent \\'ith the
TABOR amendment
to the Colorado

Constitution. This board members
issue has had many
\yater boards and or- on a \-ore of 8-6
ganizations diyided
on the referendum. opposed the

The proposal al- referendUlll.
lo\\'s C\YCB to bor-
rOK up to 52 billion
\'ia reyenue bonds for one or
more Kater projects. The
monies receiyed \yould be
repaid from reyenue re-
ceiyed from the projects.
Projects eligible for funding
may acquire Kater rights.
build neK storage. improye
existing facilities. or in-
crease \yater conseryation.
Projects may also proyide
enyironmental and recrea-
tional benefits. protect agri-
culture \\'ateL or assist com-
munities negatiyely im-
pacted by \yater projects.
Public entities such as
cities. \\'ater districts. or
state agencies: priyate enti-
ties: or combinations of the
1\\-0 may propose a Kater
project to C\YCB. The board
Kill eyaluate the requests
for funding and may recom-

mend proj ects to the Goyer-
nor for final approyal. If the
board makes recommenda-
tions, it must recommend at
least 1\\-0 projects from dif-
ferent riyer basins \\'ith a
start date of 2005. at least
one of Khich must be ap-
proyed by the GOY-
ernor. Currently.
\\'ater users pay for
Kater proj ects by
borro\\-ing money,
receiying federal
and state grants or
loans and imposing
fees or taxes.
At the regular meet-
ing for the South-
eastern Colorado
\Yater C onseryancy District
this issue \yas addressed.
The District board members
on a yote of 8-6 opposed the
referendum. Other agencies
that are in opposition of the
referendum are the Lo\\'er
Arkansas Yalley \\- ater C on-
seryancy DistricT. Pueblo-
League of \Yomen Y oters.
Action 22. Those in fayOf
are Brad Young. State Rep-
resentatiye HD 64: :\Iark
Hillman. State Senator:
~orthern Colorado \\-ater
C onsen:ancy District: and.
the Colorado Farm Bureau.
A copy of the Act can be
obtained by yisiting http:
\'nnY.state.co.us gO\- dir
stateleg.html.
\Yritten by :\cIargie
:\1iller. Compliance
.-\dministratiye Clerk

The Disu-ict

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