The New Jersey Clean Water and Drinking Water State Revolving Funds (SRF) are critical financial resources that can provide a variety of funding and financing options, including principal forgiveness and low-interest loans, to support water infrastructure improvements across the state.
Posts Tagged ‘financial assistance’
Breaking the Barrier to Water Infrastructure Funding
Friday, March 14th, 2025Debt is Not a Bad Word: Funding New Jersey’s Infrastructure through Smart Financing
Tuesday, February 18th, 2025Municipalities 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.
Breaking 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.
