Water bonds

Illinois' Grand Prairie Water Commission went to market Monday in a debut deal as it builds infrastrcture linking the Joliet area with Chicago's water system.

The ever-rising cost of projects is the number one financial challenge for municipalities, according to the latest survey from the National League of Cities.

Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.

Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.

The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.

With the estimated cost rising to $1.2 billion, the city council took action to end planning for the project, sparking concerns about outstanding bonds.

The Rhode Island Infrastructure Bank has issued a billion dollars of debt to promote clean water. 

The House cuts are less severe than those proposed in President Donald Trump's 2026 budget.

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

Deals from two small Michigan cities show how bond-funded improvements are used to keep up with water infrastructure replacement needs.

The Internal Revenue Service is requesting documents from the Erie City Water Authority regarding a $36,320,000 issuance of Water Revenue Bonds Series D of 2019.

California Gov. Gavin Newsom's proposal to speed plans for a second tunnel for the state's water conveyance system is facing stiff opposition from the Delta Caucus.

Chris Hollins, the city's chief financial officer, said Texas anti-ESG laws are raising costs at the same time the city faces a structural budget deficit.

The utility said it will appeal the judge's action, citing grave concerns about its impact on the Denver area's water supply in the wake of floods and drought.

Higher borrowing costs without the tax exemption could force public water, sewer and power providers to raise rates, neglect infrastructure, or sell systems.

Plaintiffs are challenging Oconee County's use of general obligation bonds repaid by taxpayers countywide to fund sewer improvements serving a small area.

The New York City Municipal Water Finance Authority is tapping the market for the second time in two months, this time with a $600 million refunding.

If the seven states dependent on the Colorado River don't craft a new operating agreement, the federal government could end up doing it for them.

With at least one important aquifer reaching peak allowable draw this year, Florida's water utilities are looking at a variety of infrastructure approaches.

The Texas city, which is considering an $800 million general obligation bond election next year, expects to issue nearly $400 million of debt in 2025.