Last year the state received its first-ever cutback of Colorado River water under the Lower Basin Drought Contingency Plan. The cuts are a plan to keep Lake Mead, a reservoir at the Arizona-Nevada boundary, functional. Water levels for both Lake Mead and Lake Powell have precipitously dropped as a result of historic overallocation and a drought that started in 2000.
So what does that mean for Arizonans going forward? And how should developers, who push and provide economic growth, accept the news?