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Local government

Governor Hochul Announces Over $725 Million in Financial Assistance for Water Infrastructure Projects Across New York State

Strategic Insights

— 2 min read

Governor Kathy Hochul recently announced that the New York State Environmental Facilities Corporation Board of Directors has approved more than $725 million in financial assistance to help 13 municipalities and public authorities advance critical infrastructure projects that protect or improve water quality. This significant investment will provide capital to local governments to help them move forward with critical projects, including improvements at several of New York City's water pollution control plants, replacement of lead drinking water pipes in the City of Elmira, and upgrades to the Village of Cobleskill's wastewater treatment plant. The governor emphasized that every community in New York deserves access to clean water, and this investment in clean water infrastructure is a top priority.

Key Takeaways:

  • Over $725 million in financial assistance has been approved for 13 municipalities and public authorities to advance critical infrastructure projects that protect or improve water quality.
  • More than $650 million in financial assistance will help the New York City Municipal Water Finance Authority make improvements at several of the city's water pollution control plants.
  • Nearly $6 million in grants and financing will help the City of Elmira in Chemung County to replace lead drinking water pipes.
  • A $2.75 million grant and financing package will help improve the Village of Cobleskill's wastewater treatment plant in Schoharie County.
  • Governor Hochul's FY 2023 Executive Budget proposes more than half a billion dollars in direct investment into clean water initiatives, including $500 million in clean water infrastructure funding.
  • The Environmental Protection Fund (EPF) will receive $400 million, a record level of funding, to support critical projects that mitigate the effects of climate change, improve agricultural resources, protect water sources, and advance conservation efforts.
  • The Clean Water, Clean Air, and Green Jobs Environmental Bond Act will provide $4 billion in support for projects that restore critical environmental habitats; reduce flood risks; conserve additional lands and open spaces; protect and improve water resources; and invest in climate change mitigation projects.

Statistics:

  • $725 million in financial assistance approved for water infrastructure projects
  • $650 million in financial assistance for New York City Municipal Water Finance Authority
  • $6 million in grants and financing for City of Elmira's lead pipe replacement project
  • $2.75 million grant and financing package for Village of Cobleskill's wastewater treatment plant upgrade
  • $500 million proposed for clean water infrastructure funding in FY 2023 Executive Budget
  • $400 million proposed for Environmental Protection Fund (EPF) in FY 2023 Executive Budget
  • $4 billion proposed for Clean Water, Clean Air, and Green Jobs Environmental Bond Act

Sources:

  • Office of The Governor, State of New York
  • New York State Environmental Facilities Corporation
  • New York State Department of Environmental Conservation
  • New York State Health Commissioner Dr. Mary T. Bassett
  • Environmental Protection Agency (EPA)
  • Environmental Protection Fund (EPF)
  • Clean Water, Clean Air, and Green Jobs Environmental Bond Act

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