Water Costs Are Rising Faster than Inflation
When the reservoirs that provide water to Corpus Christi, Texas, dropped to just a tenth of their full capacity, officials knew they needed to take drastic action. Forecasts projected the city, which had entered its fourth year of drought, could run out of water in a matter of months.
So the city council approved nearly half a billion dollars to seek out new water sources, including paying a contractor almost 40 percent more to speed up construction of a nearly $500 million groundwater project for which it didn't yet have the necessary permits.
To fund this 11th-hour spending, residents will likely see their water rates double over the next few years, according to city manager Peter Zanoni — putting Corpus Christi among countless American communities whose water costs are on the rise as the planet warms.
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