The water and sewer budget calls for $2 billion in capital spending over the next ten years for pipes, pumps and other infrastructure including a new sewage treatment plant. Half that amount – over $1 billion – is scheduled to be used in the next three years, with most of it being borrowed.
Finance head Rob Rossini, said "“If our growth projections don’t materialize, or if they materialize slowly, there is significant risk to the existing ratepayer, and the impacts of funding that debt. Because once the project’s constructed, once the debt is issued, the bank wants its money.”
See C.A.T.C.H. converage here