Arizona’s billion-dollar water investment may soon be a mirage

Is that the end of that multi-billion dollar investment?

Lawmakers last year touted the funding behind efforts to find new water sources and conserve existing ones.

They agreed to split $1 billion over three years, most of which was allocated to import water from somewhere else. And passed a bill that fundamentally strengthens the Arizona Water Infrastructure Finance Authority (WIFA) to distribute cash.

But currently, the budget is being negotiated only between Republican leadership and Democratic Gov. Katie Hobbs. Transferred $194 million to WIFA Next Fiscal Year — About $139 million short of the $333 million expected.

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