June 20, 2023

Local governments face challenge of rising water costs

Issuers, if they’re not already doing so, will soon have to pay much more to supply water to their constituents, turning to ever more inventive ways of procuring and treating water as fresh water supplies run down.

That was the focus of one of the panels at the National Federation of Municipal Analysts’ 2023 Annual Conference Wednesday, where panelists detailed the complex landscape of how states and local governments provide water and the efforts they’re going through to combat a depleting fresh water source.

“The fresh water sources that we’ve all used, particularly for the municipal or industrial commercial use, is low hanging fruit because it’s the least cost to turn that raw water source into what needs to get through the system and to our uses,” said Brett Bovee, president and principal for WestWater Research.

Read the full article from The Bond Buyer here.