Newark’s Lead Service Line Replacement Program is a Model for the Nation
The City of Newark employed municipal bonding to pay for lead service line replacement. The unique financing package was nearly $200 million, primarily from a $120 million municipal bond issued on Newark’s behalf by the Essex County Improvement Authority, which took advantage of the Authority’s AAA bond rating. To pay the bond, the city renegotiated a lease agreement on city property that the Port Authority of NYNJ uses for transportation purposes.




