Yuba Water Board Approves $14.4-Million Loan for Yuba County CALPERS Payment

(YWA release) – Yuba Water remains committed to supporting our local partners wherever we can, which is why our board today approved a $14.4 million short-term loan to pre-pay Yuba County‘s annual CalPERS payment.

By offering this low-interest loan to the county, it saves taxpayers $315,000 in interest the county would otherwise pay to CALPERS – and has no negative impact on our reserves, since we’ll still be earning the same interest in repayments as we would from keeping the money in savings.

We also provided funds today for local flood risk reduction work and habitat restoration on the lower Yuba River.

Read more from today’s meeting: bit.ly/yubawater-june21

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