Pomona has long been concerned about receiving a fair share of benefits of the Three Valleys Municipal Water District commensurate with the revenue and taxes its citizens have contributed to Three Valleys.
Pomona contributes approximately $100,000 in tax and administration costs each year to the district.
From 1960 to 1986, Pomona residents and businesses have contributed taxes totaling nearly $3 million. Using a conservative investment interest of 6%, Pomona's tax contribution would be about $4 million. To date, Pomona has not received benefits commensurate with those contributions.
The construction of two new facilities at substantial costs to the district do not at present benefit Pomona in any appreciable manner.
A memorandum of understanding being considered by Three Valleys and its customers is the only way to assure that Pomona will receive benefits commensurate with its share of the contribution.