Water Authority addicted to growth now has revenue shortfall

The powerful Southern Nevada Water Authority, a direct competitor for Colorado River water against the behemoth Metropolitan Water District of Southern California, has a massive revenue shortfall and may have to raise water rates to meet it. This will certainly infuriate their water customers.

Much of their revenue comes from connection charges for hooking up new users. In 2005-2006, at the peak of the real estate boom, it amounted to $188 million. Last year it was a piddly $10.8 million.

They thought the growth would go on forever. It didn’t.