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Public Works Board seeks $400 million to replenish revolving fund that backs local water, sewer and road projects
Summary
The Public Works Board told the Capital Budget Committee it has returned to a full revolving model and is requesting $400 million for the 2025-27 biennium to maintain loan repayments, meet pent-up demand and support partnerships with federal funding programs.
Catherine Gardeau, chair of the Public Works Board, and Maria Jawad, the board's executive director, briefed the Capital Budget Committee on the Public Works Assistance Account (PWAA) and the board's revolving loan and grant programs.
Gardeau said the Public Works Board is celebrating its 40th anniversary and described the Public Works Assistance Account as "a lifeblood of this amazing infrastructure program." Jawad told members the board has financed roughly $3.6 billion through more than 2,200 projects since the program began in 1985, with major shares going to drinking-water and wastewater projects.
Jawad outlined how the PWAA operates as a revolving loan fund: legislative appropriations and loan repayments are reloaned to jurisdictions, and local borrowers repay loans over five to 20…
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