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Austin, TX municipally-owned water utility implemented successful debt management strategies
Austin, TX built resilience with debt management strategies
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The city of Austin's municipally-owned water utility, Austin Water, built resilience and ensured affordability by implementing successful debt management strategies. These debt management strategies included near-zero percent interest loans for infrastructure, capital recovery fee collections, annual debt defeasances, and increased cash financing of capital projects. Austin Water has held water rates at a stable level that is less than water industry indexes for the last five years.
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The city of Austin received a 2021 Award for Excellence in Government Finance from the Government Finance Officers Association.
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