MISI Score
13.9
Stable
Project NC / Caswell County
Milton
BOTH · Caswell CountyDistressedPWSID NC0217015
Score Confidence
0.8%
Peer Percentile
12.3th
As of
Jun 2, 2026
EXPLANATION
Score Drivers
- MISI score is 13.930 (Stable).
- Compliance Escalation adds 5.929 points. Operational compliance contributes +6: 4 violations or enforcement actions have been recorded within the last three years. variance weighting adjusted headline contribution from 6.000000 to 5.929.
- Days Cash on Hand adds 4.044 points. Days-cash contributes +5: current days cash on hand is 31.530 days from connector-sourced ws_days_cash (as of 2024-06-30). variance weighting adjusted headline contribution from 5 to 4.044.
- Current Drought Severity adds 3.957 points. Current drought severity contributes +4: USDM severity index is 0.7500 as of 2026-05-26. variance weighting adjusted headline contribution from 4 to 3.957.
- Missing or unresolved factors: Infrastructure Capital Gap, PFAS Contamination Risk, Project Status Staleness.
MARKET INTERPRETATION
What the data suggests
Milton is a smaller community water system, serving approximately 212 residents. At the latest reading, the system shows limited signs of structural stress.
The score is being driven mainly by Operational Stress, with Revenue Fragility contributing at a lower level. The pressure is distributed rather than concentrated in a single dimension.
3 active stress signals are attached to this system, including one at high severity. The breadth of active signals, even without concentrated high severity, suggests pressure across more than one dimension.
Within its peer cohort, this system ranks around the 12th percentile on measured stress, placing it among the least stressed in its peer group.
Recent score history has been relatively steady, consistent with the system's overall profile.
This summary is based on structured, source-backed public data and is intended for research and monitoring only. It is not investment advice, a credit opinion, or municipal advisory guidance.
SCORE STACK
Family Contributions
Operational Stress9.9 / 20.0
Capex Pressure0.0 / 20.0
Revenue Fragility4.0 / 20.0
Rate Constraint0.0 / 20.0
Governance Risk0.0 / 20.0
SL 2020-79
SWIA Assessment History
| 2024 | 2023 | 2022 | 2021 | 2019 |
|---|---|---|---|---|
| 10 | 12 | 9 | 6 | 8 |
ACTIVE SIGNALS
3 Signals
Days Cash on Hand
Weak unrestricted liquidity reduces the utility's ability to absorb rate, capex, or operating shocks.
Score impact: 4.0 · Family: Revenue Fragility
Compliance Escalation
Repeated or serious compliance failures often indicate rising operational and infrastructure stress.
Score impact: 5.9 · Family: Operational Stress
Current Drought Severity
Active drought conditions stress source-water availability and treatment operations.
Score impact: 4.0 · Family: Operational Stress
HISTORY
Score Trend
Latest
13.9
Trend
+13.9
Observations
48
NC TREASURER FBA
Financial Benchmarks
Population154
General Fund Expenditure$155K
Fund Balance Available$149K
Fund Balance %96.1%
Cash & Investments$186K
Assessed Valuation$11.4M
Tax Rate0.5
Effective Tax Rate0.4
Tax Collection %97.2%
Amount Uncollected$1K
Days Cash on Hand
32
Days Cash As Of
Jun 30, 2024
Population Served
212