Would our water rates go down if we owned the water system?

A:

They could, but only if the cost is under $80 million. Repaying the bonds is like repaying a home mortgage. At the end, we own it and there are no more payments.  Before that, bond rates would remain constant in contrast to life under GSW whose water rates never go anywhere but up.  The City website and the Claremont FLOW website have more information about the projected rates over the 30-year repayment period, and where costs are projected to go down.