Water bonds

The legislation would allow tax-exempt financing for the replacement of privately owned lead service lines.

After a signature drive failed to put a water funding measure on the statewide ballot, a state Assembly member is trying to get his fellow lawmakers to do so.

“To date, there haven’t been any rating actions taken as a result of the drought,” said Fitch's Audra Dickinson. “But it could pressure issuers acutely."

Supporters of a ballot measure for projects to increase California’s water supply put out a call for donations to help get the measure on the 2022 ballot.

The new water resources act comes as the Army Corps of Engineers' civil works program is set to see the largest influx of funding in its history.

A $10.85 million private placement of special assessment revenue bonds for the Ojus Sanitary Sewer Special Benefit Area will foster economic development.

In California, some cities are contemplating desalination and other ways of increasing water supply as the the state prepares for a third year of drought.

The Rhode Island Infrastructure Bank will offer $128 million of state revolving fund revenue bonds, and RIHousing will sell $172 million of homeownership opportunity bonds.

To ensure continued economic growth, the state has seen a need to diversify into alternative water sources to meet projected needs as well as respond to drought and protect the environment.

The city council is considering the city's budget, which gave preliminary approval to a roughly $5.2 billion spending plan that allocates $156 million for violence prevention programs. Council members expect to vote on the budget Thursday.