On March 1, 2018, AECOM released the Fiscal Year 2018 Consulting Engineer’s Report, which opined that New York City’s Water and Sewer system is in adequate condition and managed by DEP in a professional and prudent manner.
In 2017, the City secured a 10-year Filtration Avoidance Determination (FAD) which allows DEP to deliver 90% of the City’s drinking water without filtration.
Learn more by reviewing the 2017 Drinking Water Quality and Supply Report.
NYW has been awarded the Certificate of Achievement for Excellent in Financial Reporting by the Government Finance Officers Association for 22 consecutive years, since 1995. The Fiscal Year 2017 Comprehensive Annual Financial Report was released on October 23, 2017.
NYW participates in the State Revolving Fund (SRF) program administered by the New York State Environmental Facilities Corporation (EFC). The SRF provides a source of long-term below-market interest rate borrowing, subsidized from federal capitalization grants, state matching funds and other funds held by EFC.
NYW bonds pay for projects in the capital program of the City’s Water and Sewer System. This capital investment maintains the quality of New York City’s drinking water, which each day delivers more than 1 billion gallons of fresh, clean water from the City’s watersheds, some more than 125 miles from the City, to the taps of over nine million people. Bond proceeds provide the funding necessary to maintain the watersheds and treat the supply to ensure its high quality and its compliance with federal and state water quality standards. Proceeds are also used to maintain and improve the transmission, distribution capacity, and condition of the City’s water supply system. Investments in the system also ensure compliance with federal and state standards for treatment, fund upgrades to the City’s wastewater treatment facilities, and reduce pollution caused by combined sewer overflows, all which improve the quality of New York City’s surrounding waters.
Additionally, capital investments are made to maintain and improve the condition of the sewer system, prevent flooding by replacing failing sewers, and extend service to underserved areas of the City.