Manhattan Ratepayers to Save Nearly $100K Thanks to State Revolving Fund

Governor Steve Bullock recently announced that ratepayers in Manhattan will save $94,668 thanks to changes he made to the State Revolving Fund (SRF) loan program last year. The savings come as a result of two SRF loans to the city, totaling $562,000, to fund improvements to the city’s drinking water system. One of the loans, in the amount of $281,000, is forgivable if certain conditions are met, resulting in higher savings for the community.

Through strong fiscal management, and a bit of common sense, we’re ensuring ratepayers in Manhattan can keep more money in their pockets, while making critical infrastructure upgrades. These upgrades will help to support important economic development in the community,” Bullock said of the loan. “We’ll continue to work with local communities to find responsible ways to make critical infrastructure improvements, and save money for Main Street Montana businesses and customers.'

Using the new loan, Manhattan will construct a new 300,000 gallon water storage tank south of town, a new transmission main connecting the storage tank to the distribution system, replace a booster station pump, and add a telemetry system to automate operations.