Wastewater employees’ hard work saves ratepayers $32 million

Cross-posted from KC Employee News In April, the U.S. Environmental Protection Agency issued its first-ever loan from the Water Infrastructure Finance and Innovation Act (WIFIA) for $134.5 million to the King County Wastewater Treatment Division to help finance the Georgetown Wet Weather Treatment Station. Organizations have to be invited to submit an application, and the deadline…

Bond refi brings sweet savings to ratepayers

Sewer improvement projects that protect our waterways and support a healthy economy now come with the benefit of a lower price tag. On Feb. 1, we refinanced $279 million in sewer revenue bonds, which will save ratepayers an incredible $65 million over the next 25 years. Since 2000, various bond refis have saved WTD a…

Holding the line on sewer rates for 2016

In addition to protecting water quality, we’re also dedicated to efficient operation and good financial stewardship. Back in June, the Metropolitan King County Council voted to keep next year’s sewer rate at the current level of $42.03 a month. Several factors helped us hold the line on sewer rates, including a stellar credit rating that…