Stormwater Program Funding Portfolio Management
Stormwater jurisdictions can complement their traditional funding sources with other, less-conventional sources and approaches. While grants, stormwater fees and general funds have been the major funding sources for stormwater programs, new approaches that 1) reduce costs and 2) access new financing and 3) accelerate implementation could provide greater water quality benefits compared to traditional funding portfolios. These approaches include alternative/offsite compliance programs, multi-agency projects, and pay-for-performance procurement strategies.
This interactive demonstration session follows up on funding ideas shared in EPA Region 9 finance forums in the spring of 2017 (efc.csus.edu/presentations/20170403-los-angeles/18-LA-Sokulsky.pdf). The presentation focuses on less-conventional sources for stormwater funding and project procurement using successful examples from other water resources sectors. In particular, the presentation will discuss lessons learned from public-private partnerships to protect and enhance fish habitat in tidal wetlands, and how those efforts could inform a pay-for-performance approach in the stormwater sector. This presentation will include a role-play demonstration that exemplifies the structure and benefits of a pay for success approach including audience interaction.
Less-conventional funding sources and procurement strategies build bridges for water by connecting private landowners and different departments of municipal government to achieve water quality goals. In particular, the structure of a pay-for-performance model brings multiple stakeholders involving implementers, permittees, and financiers together to improve outcomes, speed results and manage risk.
Jeremy founded Environmental Incentives to pioneer performance-driven conservation in the fields of water quality and wildlife management. Jeremy has facilitated stakeholder groups and guided policy-makers through the design and adoption of programs that underpin regulatory permits and define the performance outcomes for over $1 billion in federal, state and local taxpayer investments. He is creating performance contracting approaches that will unlock many more billions of dollars for public-private partnerships to improve the environment both in the US and abroad.
Chad aspires to convert the valuable planning work that underpins TMDLs into effective implementation work that removes thousands of waterbodies from the 303d list. If we can focus on the essential core of a water quality issue, we can create a functional program to address it. If we can rationally tune the program, we can streamline unnecessary elements and maintain relevance over time. If we can shed the complexity of competing standards and monitoring requirements, we can accelerate water quality improvement. Chad is a civil engineer in California and has earned degrees in Mechanical Engineering from UC Berkeley and Environmental Economics from UC Santa Cruz.