Water bonds

Governors in the drought-prone region are asking their legislatures for funding to boost future water supply or to repair aging water infrastructure.

Trading in Los Angeles credits has become more volatile. An L.A. Department of Water and Power deal slated for Wednesday went day-to-day.

Prolific debt issuance by Texas school districts, state issuers, and others drove muni volume to a state record in 2024, easily surpassing 2023's $59 billion.

The legislation sends unobligated dollars from the TIFIA program to the popular Surface Transportation Block Grant.

Debt issuance and public-private partnerships could be in the financing mix for projects considered by the Arizona Water Infrastructure Finance Authority.

The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.

Recent EPA regulations mandating utilities remove lead pipes from distribution systems within 10 years will add to the financial burden.

The state received $250 million in federal funding to expand a Salton Sea restoration project in Imperial County, near the Mexican border.

The Ohio Water Development Authority planned to sell $400 million of new money bonds in addition to a refunding driven by a tender offer.

The first of its kind for the group, the National Federation of Municipal Analysts has released a final 10-section recommended best practice detailing the various elements that go into State Revolving Fund disclosure.

Water agencies in Texas, Oklahoma, and Denver are selling a combined nearly $2 billion of triple-A-rated bonds this week.

Environmental regulations under fire in California.

With Chairman Tom Carper retiring, the key committee will be under new leadership regardless of the election outcome.

The East County AWP Joint Powers Authority plans to construct a water reclamation project using the debt.

The Texas Water Development Board expects to sell up to $1.8 billion of tax-exempt and taxable bonds in September.

Three municipalities will share the money and two will also get revolving loan funds.

Every state in the Midwest has clean water and drinking water financing programs. Those financing mechanisms may face greater strain in the years ahead.

Pittsburgh recently celebrated removing 11,000 lead water service pipes. It has around 6,000 to go, and estimates that it will finish around 2026. 

Chicago's top suburban customer and Illinois' largest water wholesaler bought land for a treatment plant in Northbrook, saying it will strike out on its own.

With billions of federal funding available from the Infrastructure Investment and Jobs Act, one observer says it could be limiting the amount of municipal bonds issued by the sector.