Report: Clean, Drinking Water SRF Spending Generates Billions in Return

A new report released by the Water Environment Federation (WEF) and the WateReuse Association analyzes the impacts of increased funding for the Drinking Water and Clean Water State Revolving Funds (SRF). It reveals that a requested $34.7 billion of federal SRF spending will generate $102.7 billion in total economic input and create more than 500,000 U.S. jobs.

WEF and WateReuse conducted the analysis at the request of the Senate Environment and Public Works Committee for an April 7 hearing that examined the federal role in water/wastewater infrastructure funding. The preliminary findings were included in the organizations’ joint testimony and have since been verified and officially entered into the Committee’s official record. Using the IMPLAN economic model — which captures the effect of spending as it ripples through the economy — the organizations examined the estimated impacts (output, labor income, jobs, and federal tax revenue) of SRF-funded projects in four example states.