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Local government

Governor Hochul Announces Over $725 Million in Funding for Water Infrastructure Projects

Strategic Insights

— 2 min read

New York State Governor Kathy Hochul has announced that the New York State Environmental Facilities Corporation (EFC) Board of Directors has approved over $725 million in financial assistance to help 13 municipalities and public authorities advance critical infrastructure projects that protect or improve water quality. The funding will be used to replace lead drinking water pipes, improve wastewater treatment facilities, and modernize water infrastructure across the state.

Key Takeaways:

  • The EFC Board of Directors approved over $725 million in financial assistance to support 13 municipalities and public authorities in advancing critical water infrastructure projects.
  • The funding will be used to replace lead drinking water pipes, improve wastewater treatment facilities, and modernize water infrastructure across the state.
  • The Clean Water State Revolving Fund (CWSRF) and Drinking Water State Revolving Fund (DWSRF) will provide short-term and long-term financing options for local governments, while the Water Infrastructure Improvement Act (WIIA) will provide grants for projects.
  • The approved projects include the New York City Municipal Water Finance Authority's improvements to several of the city's water pollution control plants ($657,949,860 in short-term market-rate financing), the City of Elmira's replacement of lead drinking water pipes ($2,870,789 in short-term market-rate financing and a $3,000,000 WIIA grant), and the Town of Orleans's creation of the NYS Route 12 Water District ($7,313,141 in long-term, interest-free financing and a $420,351 WIIA grant).
  • Governor Hochul's FY 2023 Executive Budget proposes over $4.5 billion in direct investment into clean water initiatives, including $500 million in clean water infrastructure funding and $400 million for the Environmental Protection Fund (EPF).
  • The landmark Clean Water, Clean Air, and Green Jobs Environmental Bond Act will provide $4 billion in funding for environmental conservation, water resource management, and climate change mitigation projects.

Statistics:

  • Over $725 million in financial assistance approved for 13 municipalities and public authorities to advance critical water infrastructure projects.
  • $650 million in financial assistance to help the New York City Municipal Water Finance Authority make improvements at several of the city's water pollution control plants.
  • $6 million in grants and financing to help the City of Elmira in Chemung County to replace lead drinking water pipes.
  • $2.75 million in financing to help the Village of Cobleskill's wastewater treatment plant in Schoharie County.
  • $4.5 billion in direct investment into clean water initiatives proposed in Governor Hochul's FY 2023 Executive Budget.
  • $500 million in clean water infrastructure funding proposed in Governor Hochul's FY 2023 Executive Budget.
  • $400 million in funding for the Environmental Protection Fund (EPF) proposed in Governor Hochul's FY 2023 Executive Budget.
  • $4 billion in funding for the landmark Clean Water, Clean Air, and Green Jobs Environmental Bond Act.

Sources:

  • New York State Environmental Facilities Corporation (EFC) Board of Directors
  • Governor Kathy Hochul's office
  • New York State Department of Environmental Conservation (DEC)
  • New York State Health Commissioner Dr. Mary T. Bassett
  • Clean Water State Revolving Fund (CWSRF)
  • Drinking Water State Revolving Fund (DWSRF)
  • Water Infrastructure Improvement Act (WIIA)
  • Environmental Protection Fund (EPF)
  • Landmark Clean Water, Clean Air, and Green Jobs Environmental Bond Act

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