As Atlanta faces the daunting and expensive task of updating its aging water system, a new influx of cash is coming to help — and it’s from a surprising source. In mid-June, days after a crippling series of water main breaks became national news, the City Council approved an amendment to an ordinance which freed up $177 million from what is essentially a savings account for the City of Atlanta Department of Watershed Management. The accounting maneuver to tap the bond reserve fund comes with some potential risk, but it will boost the department’s budget by nearly a quarter and comes amid new urgency to find money to improve Atlanta’s water system. More: https://lnkd.in/evNhj6gD
Atlanta Journal-Constitution’s Post
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Texans are familiar with the saying that we know the value of water when the well runs dry. The common convenience of flowing taps may quickly become a dirty, desperate and miserable experience when water ceases to flow. Today, we are encouraged to #ImagineADayWithoutWater to understand the value that water provides for all communities, and the need for further investment in safe and affordable water infrastructure. Unfortunately, the data indicates that an imagined day without water may soon become a nightmare reality. 💧 Texas is a drought-prone state. We face a water supply deficit of 6.9 million acre feet — where the number of thirsty people will exceed available water supplies — if we don’t expand our water supply portfolio by 2070. Failing to expand our water portfolio between now and 2070 could inflict $153 billion in GDP losses and 1.4 million jobs lost — a massive hit to the Texas economic miracle. 💧 Help for water systems Beyond water supply needs, the aging, deteriorating condition of our water systems also threatens our water future. Again, the data tells a sobering story. Antiquated systems leak enough water per year to fill a major reservoir the size of Lake Buchanan in the Hill Country or Possum Kingdom Lake in North Texas. On top of that, authorities issue thousands of boil water notices each year, oftentimes due to the poor condition of drinking water systems. 💧 #Prop6Yes While we may easily imagine a day without water, Texans on Nov. 7 will have the option to do something about it. Proposition 6 would amend the Texas Constitution to create the Texas Water Fund, which can be used for developing new water supplies and fixing failing water systems. Approved by a bipartisan majority in the #txlege earlier this year, Prop 6 expands the state’s financial strategy toward helping communities avoid having to endure days without water. If voters approve it, then the Legislature has authorized a $1 billion deposit into this new fund. This is a modest, but needed, down payment toward addressing Texas’ long-term water infrastructure challenges, and it sets our state on a smart financial path toward securing our water future. As we imagine a day without water, it’s worth remembering that the possibility of living without water is real for many communities in Texas. The proverbial well can run dry. On the upside, we can do something about it this November.
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Surely one of a municipality's prime roles should be to ensure its citizens have clean water. Instead of proper maintenance, they are focused on projects like blanket rezoning. How will the utilities in older mature communities handle greater density? Or the Green Line- phase 1 of which is likely to run $4-5 billion over budget, which they will have to lay off on taxpayers. Think of all the other deferred maintenance issues we have. I wonder if the City's Risk Register even identifies the loss of our major water supply, and assuming it did, what mitigation plans did they identify? Clearly a miss. What else are they missing? Doesn't really matter as they'll just blame the Province anyway. What a mess! https://lnkd.in/gEWNhqdy
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Thank you to The Dallas Morning News’ editorial board for endorsing propositions G, H, and I and recommending voters pass these propositions as an investment in our city's future: https://lnkd.in/gP_XNJk9 On Prop G, “…no one can dispute the need for more homes for lower-income residents, and it’s reasonable for a portion of bond funds to go toward gap financing for well-vetted projects. A $36.6 million commitment to housing is a lot of money for taxpayers but ultimately a modest investment given the cost of construction. “On Prop H, “…We support neighborhood infrastructure to attract lower income and “missing middle” development.” On Prop I, “…This year’s bond would fund more effective solutions, so vote yes on Proposition I to help the city shelter struggling Dallasites and improve quality of life for us all.” #DallasHousingForAll #DallasHousingCoalition
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Water… what?!? Water…. Who?!? WATERMAN, Illinois Who know they have a debt satisfaction certificate for closing? We learned this today. Just an example that Clas Clerking is here to advise and guide clients through municipal requirements all over the state of Illinois. Our goal is always: 1. Advise on requirements 2. Obtain prior to closing for clients peace of mind 3. Always obtain in person. If you ever need help, please reach out [email protected]
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Did you know 65 new businesses opened their doors in Calvert County last year? A diverse economic base bolsters our AAA stable bond rating. This top rating means the county can borrow money for public projects at the lowest rates, saving on interest. What does this mean for you? Residents receive lower taxes, better public services and a booming local economy. Dive into how our variety of industries and businesses creates a resilient and prosperous economic landscape at https://lnkd.in/eTn5ijaU.
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THE PROBLEM: Huge increases in Water Bills and Property Taxes in Southern California's Metropolitan Water District (MWD) starting with 9% July 1st, followed by an 8.25% increase in 2025 and another 8.25% increase in 2026. (Newsweek 4/19/24). THE SOLUTION: Earth Water Company just saved a Top 5 Affordable Housing development company an average 47% water consumption with our no capital, pay by savings water savings solution. The Los Angeles property is now saving $150,000 this year over last year, with an 11 month payback. Wow! See what Capreit, The Community Builders, AIG, Cohen-Esrey, Affirmed, and others have known for years: Combat "THE PROBLEM" with our "SOLUTION." #affordablehousing, #cashflow, #sustainability
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Give me the bad news first.... It’s been nearly two months since NJ Senate Bill S2760 has been in effect. This new law requires Community Associations to get a reserve study, specifies the time frames for compliance, outlines what is to be included in the study, and details proper reserve funding. ❌ Bad News: Many communities that have failed to properly fund their reserves will be required to increase their reserve funding. We get it…. increases to reserves (and therefore maintenance fees) is unwelcome, bad news. ✅ Good News: Properly funding your reserves over time is less painful, less stressful, and less costly than corrective maintenance, loans, and emergency assessments. 💰 Stay focused on the goal…. The day when your roof or paving project comes due, and you fund the entire project using your own reserves. No more angry mobs, overthrown Boards, nasty emails, and chaos. #cai #communitymanagement #communitymanagers #propertymanagers #cainj #hoa #condominium #propertymanagement #communityassociationmanagement #caiKeystone
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Washington State Joins Other Public Lands Champions Visiting Capitol Hill: County officials from across the country traveled last week to Washington, D.C., to advocate for federal public land policies, sharing stories with members of Congress of how the Payment in Lieu of Taxes (PILT) and Secure Rural Schools (SRS) programs help counties fund essential services, including search and rescue operations, infrastructure and education. Last year, $578.8 million in PILT funding was authorized and distributed this year. Nearly one-third of the land in the United States is owned by the federal government — the majority of which is in the West. Because counties can’t tax federally owned land, they’re left to provide services, including law enforcement, emergency medical services, solid waste disposal, and fire and forest management, regardless of funding sources. Read more: https://lnkd.in/g85FNVQx
Public lands champions visit Capitol Hill
naco.org
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Repost #FixMiState: "To grow Michigan's economy and population, we must first focus on funding a long-term, equitable and sustainable plan to fix our infrastructure. Hear more from Lance Binoniemi, VP of government affairs at the Michigan Infrastructure & Transportation Association (MITA)" Click the link to listen: https://lnkd.in/ectMjkg4
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We want to answer this question for you. A special needs trust is a trust that will preserve a beneficiary’s eligibility for needs-based government benefits. If you’d like to learn more about special needs trusts and how we at Legacy Estate Planning can help, give us a call! 📲(703) 490-0901 #specialneedstrust #planahead #legacyestateplan
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