The Texas Legislature did not give NHCRWA taxing authority when it was created. To generate sufficient revenue to cover debt service and pay operating and construction costs for the infrastructure already in the ground, the NHCRWA adds a usage charge for groundwater pumped by the utility districts and delivered to its customers, and for sales of surface water provided to the district.
The Authority has had numerous bond sales over the past 20 years to fund the 2010 distribution system and other construction and operating costs. As more bonds are sold to fund the 2025 conversion projects, the debt service will continue to rise.
The Authority has also had access to the State Water Implementation Fund for Texas. The NHCRWA has been one of the largest recipients of subsidized, multi-year funding through the SWIFT Program in the state! This will save the Authority’s rate payers millions of dollars in interest payments over the next 30 years.