Financial management is at the core of challenges small drinking water systems face. A comprehensive understanding of the financial health of a water system can help ensure that rates are set optimally, giving small systems the ability to finance projects while providing safe drinking water to their customers.
The Environmental Finance Center (EFC) at UNC organized a forum focused on rate setting and long-term fiscal planning to address these issues on July 26. The EFC, along with the United States Environmental Protection Agency’s (EPA) Water Infrastructure and Resiliency Finance Center, EPA Region 4, and the Alabama Department of Environmental Management (ADEM), planned this event to address the biggest issues facing water utilities among over 90 attendees representing multiple states in EPA Region 4. The forum provided practical solutions to meet the concerns of the utilities present. Continue reading