News Release: Stable Financing for Water Sector Critical for California’s Future
From the Pacific Institute:
“A new study from the Pacific Institute explores stable and sustainable sources of funding for water projects as a key to long-term solutions, and finds California’s increased dependence on general obligation (GO) bonds in funding water systems is unreliable and costly to both the state and taxpayers.
“Current water rates often do not fully cover the cost of providing water services and rarely reflect the full costs of the water itself, such as the ecosystem impacts related to extracting water. California ranks at the top of the EPA’s survey of infrastructure needs in terms of the investments required to maintain aging water systems over the next two decades. …
“The report, Beyond Water Pricing: An Overview of Water Financing Options in California, reviews the some of the major local, regional, and statewide water financing options in California, variations of which many water utilities are already employing, including municipal bonds, state revolving funds, public-private partnerships, and public benefit funds.”
Read more from the Pacific Institute news release