Click here to read the current newsletter. Here’s an excerpt:
Paying for what’s ahead
Money. We all know it doesn’t grow on trees. As Colorado works to balance funding priorities for public safety programs, human services, transportation, education, and other government spending areas, Coloradans will need to come up with about $20 billion by 2050 for water projects across the state. The question is: How will we do it, and what will it mean for our bank accounts? That $20 billion figure is what the Colorado Water Conservation Board estimates is necessary to implement Colorado’s Water Plan.
“[The water plan] identifies a lot of solutions for the state and comes with a very high price tag,” says Margaret Bowman, a consultant working with the Water Funder Initiative to develop impact investing in the West. “Now the state’s got to figure out how to finance it.”
Our summer issue of Headwaters magazine takes an in-depth look at water finance and other aspects of water economics. Click here to read the issue’s feature article “Paying for What’s Ahead” by Headwaters associate editor Caitlin Coleman as she explores traditional water financing mechanisms like bonds, loans and grants, plus new innovative pathways to securing funding through private investors, public-private partnerships, and philanthropic institutions. And read the rest of the issue for more water economics coverage such as water rates, water markets, and other valuation methods that attempt to put a price on an indispensable good.