Debt Isn’t A Bad Word Webinar Series
The 2021 Infrastructure Report Card awarded New Jersey’s drinking water infrastructure a “C” grade and its wastewater infrastructure a “D” grade. With some of the oldest water infrastructure in the nation, New Jersey’s need to provide adequate services is threatened by age, lack of reinvestment, and a short-term focus. It is paramount that our publicly-owned water systems fully utilize state-available funds to maintain, repair, and improve water infrastructure.
This is the first webinar in New Jersey Future’s Funding Navigator utilizing debt for the long-term series. When used wisely, debt is an investment in the future that can prevent financial burdens. It is a means of financing large capital assets such as crucial infrastructure improvements, development, and the acquisition of large equipment. Debt can be leveraged to create long-term value by ensuring that investments increase over time, ultimately providing greater income and capital growth than the amount spent on servicing the loan.
Thank you for joining us to learn more about how taking on long-term debt doesn’t have to be a scary thing for municipalities. Embracing the concept of treating debt more as a long-term investment can serve your constituents and ratepayers more effectively to save money in the long run.
Watch the recording below and stay tuned for more info on the next two webinars in this series!
Panelists:
- Moderator: Lee Clark: New Jersey Future, Program Manager – New Jersey Funding Navigator
- Panelist: Jessika Sherman: New Jersey Future, Policy and Program Coordinator – New Jersey Funding Navigator
- Panelist: Tess Clark: Syracuse University Environmental Finance Center, Assistant Director of Water Resilience
- Panelist: Eleni Giannikopoulos: Suburban Consulting Engineers, Sr. Associate/Client Development Department Manager
