A new paper, released today by the Institute of Municipal Finance and Governance, discusses the different ways that municipalities can pay for stormwater infrastructure, drawing on the City of Mississauga’s new Stormwater Management Financing Program as a case study. According to the paper, despite stormwater infrastructure not being a glamorous investment, it is an important way for municipalities to mitigate the damage caused by severe weather events.
Stormwater management infrastructure controls the quality and quantity of stormwater that reaches water bodies and protects the health, safety, and sustainability of public and natural environments. The July 8 storm highlighted the need to direct significant amounts of financial and political capital towards municipal infrastructure management.
You can read the full paper here.