financing gi - new jersey · • the ancillary benefits may outweigh the stormwater benefits –...
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Financing GI
Khris Dodson Environmental Finance Center
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What’s the cost of not?
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The benefit(s) of funding GI
• The ancillary benefits may outweigh the stormwater benefits – Improved streetscapes – Increased capacity, or upgraded infrastructure – Inter-departmental ‘co-funding’ (combining
Parks, schools, libraries, DPW, USPS and other funding streams to create a mutually beneficial project
– Increased property value and/or investment – Economic Development – Quantifying ‘ecosystem services’
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Public-Private Partnerships Onondaga County Save the Rain Green Improvement Fund (GIF)
Never been advertised! 130 applications since March 2010 83 projects completed; 35 projects under contract or in implementation phase 50+ million gallons to be captured annually from projects
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Skiddy Park B-ball courts with the Boeheim Foundation Courts 4 Kids program
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Connective Corridor
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Residential Demonstration Project, Syracuse
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Tools to Plan
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www.epa.gov/greeninfrastructure
• General & Technical Information
• Key Resources • Case Studies • Guidance • Partnership
Contacts
Environmental Finance Center Syracuse University
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Models and Calculators
• Natural Resources Defense Council (NRDC), 2006, 2011 Rooftops to Rivers Green Strategies for Controlling Stormwater and Combined
Sewer Overflows http://www.nrdc.org/water/pollution/rooftops/contents.asp
• EPA Sites:
– Municipal Handbook: Funding Options – EPA Green Infrastructure Models and Calculators – Financing Alternatives Comparison Tool (FACT)
• Green Values Stormwater Toolbox, Center for Neighborhood Technology
• http://www.stormwatercenter.net/ • Onondaga County’s Save the Rain program
Environmental Finance Center Syracuse University
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Municipal Handbook A series of guidance documents to help implement
green infrastructure. Modules include: – Rainwater Harvesting Policies – Green Streets – Funding Options – Retrofit Policies – Municipal Incentives
Environmental Finance Center Syracuse University
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Green Values® Calculator
Environmental Finance Center Syracuse University
http://greenvalues.cnt.org Estimates green infrastructure‘s financial and hydrologic effect on a single lot or across a neighborhood. Compares green and ‘gray’ infrastructure life cycle costs including GI’s economic, environmental, and social benefits Adaptable for local ordinance verification
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Environmental Finance Center Syracuse University
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Funding to Support GI
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Not a good source of funding!!!
Environmental Finance Center Syracuse University
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Also not recommended... Environmental Finance Center
Syracuse University
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http://www.nafsma.org/Guidance%20Manual%20Version%202X.pdf
Free guide that discusses sources of funding, legal implications, and implementation. Also has case studies.
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http://www.epa.gov/region1/npdes/stormwater
• Property Taxes/General Fund • Special Assessment Districts
or Regional Funding Mechanisms
• Service Fees (including stormwater utilities)
• System Development Charges (SDCs)
• SDCs (also known as connection fees or tie-in charges)
• Grants and Low-Interest Loans • Types of Stormwater Utilities
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Questions?
Khris Dodson Associate Director Environmental Finance Center 315-443-8818 [email protected]
Environmental Finance Center Syracuse University