Ben Franklin famously said: “When the well is dry, we know the worth of water.” Today’s Supreme Court decision in Wilde v. Dunsmuir is an important win for public utilities and local governments promising stability in local finance. [Disclosure: I argued the case for five local government associations.]

Specifically, it holds that water rates

The California Court of Appeal for the Second Appellate District held that a city’s approval of a vesting tentative map is binding on the city even if the property covered by the map is located in a coastal zone subject to the jurisdiction of the California Coastal Commission. Other parts of the opinion addressing ripeness