Civic Federation views MWRD budget as “model for long-term financial planning”
Laurence Msall, President of the Civic Federation, addressed the MWRD Board of Commissioners during its Public Hearing on the agency’s tentative 2015 budget. The budget is due to take effect Jan. 1. Msall pointed out that the MWRD’s new Strategic Business Plan for FY2015 and beyond provides a potential new revenue source that incorporates state legislation passed in 2014; this legislation allows the MWRD to sell resources like biosolids and phosphorus recovered through normal treatment processes. Learn more here.
MWRD’s DUMP hotline celebrates silver anniversary
The MWRD celebrated its 125th anniversary in 2014, but that was not the only significant occasion worth commemorating. The MWRD’s 1-800-332-DUMP hotline was instituted in 1989, and since the 24 hour hotline began operating 25 years ago, thousands of calls have been received and investigated. The hotline was implemented when the MWRD recognized there continued to be violators to the Clean Water Act of 1972. Some companies, businesses and individuals which continued to dump toxic waste into area waterways and sewers rarely faced consequences or penalties. It was recognized that public input was needed to stop the violators. Read more here.
MWRD to offer “Green Bonds” to investors for environmentally-friendly projects
The MWRD will become one of the first wastewater treatment agencies in the country to offer a tax-exempt “green bond” offering to investors to fund environmentally-friendly infrastructure projects. Green Bonds were started in 2008 by the World Bank and are dedicated to financing environmentally-related projects. Learn more.
Standard and Poor’s, Fitch Ratings assign AAA ratings to upcoming bond sale, affirms AAA ratings on outstanding bond issues
Global rating agencies Fitch Ratings and Standard and Poor’s (S&P) have assigned AAA ratings for the District’s upcoming bond sale and affirmed AAA ratings on all of the MWRD’s outstanding bond issues. The agencies completed a ratings review at the MWRD’s request. S&P cited the MWRD’s proactive approach to addressing its pension concerns, generous general fund reserves, diverse tax base and the District’s flexibility to control costs as support for the AAA rating. More information.
Acting President McGowan, MWRD partner with Austin Chamber, 15th District Chicago Police Dept. to promote environmentally-friendly holiday decorating
The MWRD joined the Austin Chamber of Commerce’s 10th annual holiday festivities under the leadership of Glenda Bridges and in partnership with Commander Barbara West of the 15th District Chicago Police Department to encourage the use of environmentally-friendly decorating. Learn more.