Metropolitan Water District Unfunded Liability Exceeds $600M

Bradley J. FikesBradley J. Fikes 6 Comments

A new story of mine at the North County Times gives the deets: Metropolitan Water District, Southern California’s biggest water wholesaler has accumulated more than $600 million in unfunded liability for retirees since 1999. The analysis comes from a new report issued Tuesday by a local taxpayers’ group, San Diego Taxpayers Educational Foundation. Customers of Metropolitan, or taxpayers, will ultimately …