Post Tagged with: "water finance"

Biden unveils $2 trillion infrastructure plan; water sector reacts

Biden unveils $2 trillion infrastructure plan; water sector reacts

On March 31, the White House released The American Jobs Plan, a $2 trillion infrastructure plan aimed at creating jobs and rebuilding U.S. infrastructure. The Biden Administration is proposing a total of $111 billion dollars in clean water and drinking water investments. While the proposal doesRead More

EPA announces $67 million stormwater grant program

EPA announces $67 million stormwater grant program

Water Management April 5, 2021 at 8:32 am

The U.S. Environmental Protection Agency (EPA) has announced the availability of $67 million in grant funding through the new Sewer Overflow and Stormwater Reuse Municipal Grant program. This funding will support public health and environmental protections by helping states and cities improve stormwater management toRead More

The WIFIA Bank

The WIFIA Bank

Public Utility Finance, Water Finance March 29, 2021 at 8:33 am

By John Ryan The 2020 Annual Report of the EPA’s WIFIA loan program is a good read, and not just because it’s short and largely graphical. It’s a series of positive snapshots, including impressive aggregate stats, highlights from closed loans and summaries of new features.Read More

Biden signs COVID stimulus including water affordability program funding

Biden signs COVID stimulus including water affordability program funding

President Joe Biden on Friday signed into law the American Rescue Plan Act, legislation to deliver additional COVID-19 relief that contains $500 million in assistance for low-income clean water customers and support for critical water and sewer investments. This water assistance funding comes in addition toRead More

Raftelis hires new chief economist

Raftelis hires new chief economist

Rates & Affordability, Water Finance March 8, 2021 at 6:55 am

Steven McDonald has joined Raftelis as our Chief Economist to lead our new valuation and economic impact analysis services. He was formerly with CSG Economics at GAI Consultants. Valuation services and economic impact analyses have been top of mind for many Raftelis clients as theyRead More

Water sector applauds House leadership for affordability program boost

Water sector applauds House leadership for affordability program boost

On Friday, the House of Representatives passed the American Rescue Plan Act, legislation to deliver additional COVID-19 relief that contains $500 million for low-income water utility bill assistance. This new funding for low-income water assistance comes in addition to the initial $638 million provided inRead More

WEF survey estimates stormwater sector’s annual funding gap

WEF survey estimates stormwater sector’s annual funding gap

Water Finance February 26, 2021 at 10:33 am

The U.S. stormwater sector faces an estimated $8.5 billion annual funding gap, according to a survey by the Water Environment Federation (WEF). The funding shortfall exists as municipalities nationwide work to maintain water infrastructure, control pollution in waterways, and protect communities from flooding. The fundingRead More

NACWA says funding for federal affordability program “nowhere near” needed levels

NACWA says funding for federal affordability program “nowhere near” needed levels

Last week the House of Representatives Energy and Commerce Committee marked up its contribution to the next COVID-19 relief bill last week. Included was an additional $500 million for the Low-Income Water Customer Assistance Program administered by Health and Human Services, bringing the potential totalRead More

NACWA, AMWA launch new campaign to reaffirm commitment to federal investment in water

NACWA, AMWA launch new campaign to reaffirm commitment to federal investment in water

The National Association of Clean Water Agencies (NACWA) and the Association of Metropolitan Water Agencies (AMWA) today kicked off a new joint campaign that the two organizations are calling: Affordable Water, Resilient Communities. Local utilities and their customers face financial challenges after years of increasing local costs andRead More

Biden outlines stimulus plan including water rate assistance

Biden outlines stimulus plan including water rate assistance

Washington Report, Water Finance January 28, 2021 at 11:25 am

A $1.9 trillion COVID-19 economic stimulus plan outlined by President Joe Biden proposes billions of dollars to help low-income families pay water and other utility bills while also offering additional funds to supplement the budgets of state and local governments. Called the American Rescue Plan, the President-elect’s proposal includesRead More