EFC’s new Local Government Stormwater Financing Manual was inspired by and written for local government leaders. Public sector financing in general, and stormwater financing specifically often appear to be inaccessibly complicated and technical to even experienced public officials. Therefore, rather than try to address the myriad of issues associated with stormwater financing, our strategy was to provide a foundation for local officials to move forward by focusing on perhaps the most important financing attribute: leadership and the ability to move communities towards effective action.
Our intent was not to produce a static document. Rather, it is our intent to use this manual as the launching point for a dynamic financing resource that will develop and grow along with the burgeoning stormwater financing industry. To that end, this manual is the first in a series of resources to be developed by the Environmental Finance Center that will address important financing issues and opportunities, including:
This manual is divided into four parts:
Readers may want to devote their attention to particular sections of the manual. For example, those who are experienced in the dramatic shifts underway in stormwater management may want to pay more attention to the model than to the description of why stormwater management and finance are being transformed. Likewise, a reader already immersed in finding a solution to a stormwater problem may want to focus on the “Creating a Solution” phase of the model. A cautionary note, however: creating an effective solution is dependent on having accomplished two prior phases, “Gaining an Initial Agreement” and “Formulating the Problem.”
In sum, this manual provides, for local government staff, background information about a paradigm shift underway in stormwater management and a process model for being effective leaders in their jurisdictions to create policies and programs to finance that shift. Our goal is to encourage and empower your leadership efforts.