Water Banking Takes Center Stage in Washington State 2020 Legislative Agenda

The 2020 Washington State legislative session kicked off in January and the future of water rights and water banking in the state are taking center stage in the early legislative discussions. At least six prominent bills centering around the State’s “Trust Water Rights” program are being proposed. These bills range from advocating for incremental changes to fundamentally altering how water is permitted, including ideas to prevent or add new criteria for out-of-basin transfers; set up a new “community needs” test to form a water bank; prevent conservancy boards from working on water banks anymore; to charge money for setting up and running banks to cover State time.

Why is Water Banking a Hot Topic?

There’s been an increasing public spotlight in Washington State water permitting issues, including some recent worries that out-of-area speculation is influencing the water market. A reminder that in 2017, the entire $4 Billion state legislative session hinged on the resolution of the Hirst water rights negotiations. That 2017 legislation eventually led to the 2018 Streamflow Restoration Act, which manages over $300 million dollars in state funding to address water rights and supply challenges throughout the state’s watersheds to help habitat, agriculture, and communities over the next 15 years.

Current Water Rights Resources and Information

There’s a range of informed news and opinion resources on this complex topic of water rights and water banking, here are just a few recent ones to stay informed:

Learn More About Water Banking

Aspect is heavily involved in the water banking arena, helping clients with policy (with Washington State University on the Columbia Basin Long-Term Water Supply and Demand Forecast) setting up and running banks (e.g., Oroville-Tonasket Irrigation District (OTID) and the Bourne bank, among others), and helping connect buyers and sellers at the local level.

Contact Dan Haller or Tim Flynn to learn more.