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City receives state nod for funding options

Walterboro leaders are being honored by the S.C. Municipal Association for the way city officials fund community projects.

During a recent July 20th annual meeting of the S.C. Municipal Association, Walterboro was recognized by state leaders for using federal and state grants to help fund big city projects. Local city leaders also gave a presentation during the meeting. The presentation was entitled “Closing the Gap: Strategies for Funding Complex Projects.”

The city has received millions of dollars in grant funding during recent years. This funding is going to multiple projects, from helping to construct the incoming Discovery Center to adding handicap-assessible tools to city building. The city is also using some of the funds for bigger projects, such as the new wastewater treatment plant.

Specifically, Walterboro was recently awarded a $2,040,000 grant from the U.S. Economic Development Administration. The city has also received a $500,000 grant from the S.C. Rural Infrastructure Authority and a $1.5 million low-interest loan from the Clean Water State Revolving Loan Fund. This low will be combined with other funding resources in the construction of the new wastewater treatment plant.

According to Walterboro City Manager Jeff Molanari, the treatment plant should be completed within the next one to two weeks. It will provide city residents with better water quality and with improved water flow.

Helping the city to gain the recent state attention, Walterboro officials have this year been awarded a $2,040,000 grant from the US Economic Development Administration and a $500,000 grant from the South Carolina Rural Infrastructure Authority.

City officials also recently secured a $1.5 million low interest loan from the Clean Water State Revolving Loan Fund to finance upgrades to the City’s wastewater treatment plant. Construction at the wastewater treatment plant will be completed by the end of July.

“While perhaps not as plentiful as they once were, grants provide opportunities for ‘new money’ to fund economic development and projects that enhance quality of life,” said Jeff Shacker, field services manager for the S.C. Municipal Association.

Before any projects are funded, Walterboro City Council takes a public vote on seeking and accepting grant funds and on any loans that the city’s leaders may seek or apply for. The funding is then included in the city’s annual fiscal budget, which usually occurs in June of each year.

The city’s managerial department and its accounting and financing departments are included in the planning phases of the city’s projects.

Heather Walters (1494 Posts)