On November 4, 2014, voters approved Measure K-14, the Grover Beach Street Rehabilitation Safety Improvement Bond Measure. In approving the measure, the City was authorized to issue up to $48 million in general obligation bonds to fund local street rehabilitation and repair. The Measure K-14 bond payments are semi-annual property tax assessments paid by property owners based on assessed valuation. The Measure K-14 assessment amount is $95 per $100,000 assessed value, which amounts to 0.095% (less than 0.1%) of the assessed value of a property.
The water and wastewater rates are different from the Measure K-14 street repair bond payments. The water and wastewater rates are bi-monthly charges for service that can vary each billing cycle based on usage and can be paid either by a property owner or a tenant who has a utility account. The water rates are also based on a tiered system where higher water users pay a higher unit cost. The City is committed to finding ways to minimize future rate increases through working with partner agencies to secure additional grant funding.