Title: Managing your Community's Stimulus Money
Description: With billions in stimulus money coming to communities across the country, you may be tempted to use this cash infusion as an opportunity reduce your customers’ water and sewer bills. Or maybe you’re considering just postponing a scheduled rate increase. Water affordability is such a critical issue, and unplanned funds seem like a great opportunity to pass along the “savings” to customers. We get it. However, you might be surprised to know that these kinds of decisions could actually have the opposite effect. Passing along the stimulus to your customers could actually end up putting your utility in worse financial position than if you never received the money at all. Instead of getting a temporary and short-lived PR boost, this funding is a great opportunity (and it’s intended) to help maintain and revitalize your water infrastructure. During this webinar, you will get an understandable explanation for the best way to manage your community’s stimulus money. You will also hear a bit on asset management and how to talk about this critical-to-make investment to customers and other decision makers in your community.