Water bonds

As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.

New York City Municipal Water Authority returns to the municipal primary after a $1.4 billion deal earlier this year.

Water systems will have five years to comply, although the Biden administration estimates only between 6% and 10% of systems will need to treat.

Gov. Michelle Lujan Grisham said her public-private sector plan to build a strategic water supply will remain a top priority after a bill for financing failed to advance in the legislature.

The authority is one of the few investment-grade U.S. issuers actively selling triple-tax-exempt paper.

The funds will go through State Drinking Water and Clean Water Revolving Funds, which states often use together with municipal bonds to finance projects.

The deal may represent a measuring stick for triple-A benchmark yields amid market volatility.

The Texas city's project joins other efforts in Southwest states to find new water sources as supplies dwindle due to persistent drought conditions.

A California Department of Water Resources spokeswoman said the department is considering an appeal of the Superior Court judge's decision.

The proposed pipeline, which dates back to 2006, would transport Colorado River water from the Lake Powell reservoir to the southwest corner of Utah.

The Water Infrastructure Financing Authority will use information it received from banks, businesses, conservation groups, and others to solicit water augmentation projects next year.

A significant chunk of the costs will be passed to ratepayers, experts said.

California Gov. Gavin Newsom announced that he certified the Sites Reservoir Project under the state's expedited environmental rule.

The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13.

The state's Water Infrastructure Finance Authority is "strongly considering" the use of bonds as it seeks ideas on augmenting water supplies.

A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.

The EPA failed to follow an escalation policy that was crafted in the wake of the water crisis in Flint, Michigan.

Power of EPA regulation and SRFs are called into question during hearing.

Water sector organizations are pressing Congress for a full appropriation for State Revolving Funds

The White House should remove barriers to help usher in a "golden age of technology" in the water sector, said the President's National Infrastructure Advisory Council.