NYW issued its FY2021 Annual Report on November 15, 2021.
Download an electronic copy of NYW FY2021 Annual Report.
On April 8, 2022, AECOM released the Fiscal Year 2022 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.
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.