Municipalities face a tricky balancing act when it comes to infrastructure improvements: they need to address large, costly projects but have limited resources to fund them. Historically, issuing debt has been the primary means that municipalities are left with to finance critical improvements. However, municipal leaders are reluctant to be the ones responsible for issuing debt, while utilities and public systems are often hesitant to raise rates to cover project costs.
Water Finance and Funding
Debt is Not a Bad Word: Funding New Jersey’s Infrastructure through Smart Financing
Tuesday, February 18th, 2025Breaking Down the State Revolving Fund – Recommendations and Changes
Monday, December 2nd, 2024Over the next 20 years, the United States must spend $625 billion to fix, maintain, and improve water infrastructure. According to the US Environmental Protection Agency, New Jersey alone will need to spend at least $12,252,800,000 on drinking water infrastructure and $19,352,000,000 on clean water infrastructure over the next 20 years to make all necessary improvements and repairs.
Sustainable Water Management: Program Rundown of Municipal Options
Monday, December 18th, 2023The future of New Jersey’s water relies on commitment to equitable decision-making to solve legacy water infrastructure issues like lead service line replacement, combined sewer overflows, coastal and riverine flooding, and upgrading water infrastructure. By working together to address the growing needs of our water systems, we can properly mitigate the stress they will face with growing and more frequent storms fueled by climate change, and ensure that natural and tap waters are free from contaminants to support healthy and resilient communities across the state.
From Federal Dollars to State Investment: Understanding Technical Assistance for Water Systems
Monday, April 17th, 2023At New Jersey Future’s Planning and Redevelopment Conference in June 2022, New Jersey Commissioner of Environmental Protection, Shawn LaTourette, emphasized the historic funding opportunities for NJ flowing from the federal government and implored attendees, “If you don’t have a grant writer on staff, hire one. If you do have one, hire a second.” LaTourette concluded his remarks by stating his desire for New Jersey to seize the opportunity for federal funding, and to position itself well for any additional rounds of funding.
