Post Tagged with: "water finance"

Raftelis hires new chief economist

Raftelis hires new chief economist

March 8, 2021 at 6:55 am 0 comments

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 they navigate the challenges of aRead More

Water sector applauds House leadership for affordability program boost

Water sector applauds House leadership for affordability program boost

March 1, 2021 at 10:36 am 0 comments

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 in the December 2020 FY21 ConsolidatedRead More

WEF survey estimates stormwater sector’s annual funding gap

WEF survey estimates stormwater sector’s annual funding gap

February 26, 2021 at 10:33 am 0 comments

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 funding gap was identified in WEF’sRead More

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

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

February 12, 2021 at 4:47 pm 0 comments

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 total amount for low-income water assistanceRead 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

February 1, 2021 at 9:45 am 0 comments

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 and declining federal cost-share. The newRead More

Biden outlines stimulus plan including water rate assistance

Biden outlines stimulus plan including water rate assistance

January 28, 2021 at 11:25 am 0 comments

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 includes an abundance of Democratic prioritiesRead More

The Lake County Illinois Public Works Department in Libertyville, Ill., owns and operates two public water supply distribution systems across a large service territory in Northeast Illinois.

EPA invites 55 new projects to apply for WIFIA loans

January 13, 2021 at 11:48 am 0 comments

The U.S. Environmental Protection Agency (EPA) announced that 55 new projects in 20 states are being invited to apply for approximately $5.1 billion in Water Infrastructure Finance and Innovation Act (WIFIA) loans. This funding will help finance more than $12 billion in clean water and drinking water infrastructure projects inRead More

Water sector commends Congress for relief in appropriations package

Water sector commends Congress for relief in appropriations package

January 4, 2021 at 10:22 am 0 comments

Congress recently released the Fiscal Year 2021 Consolidated Appropriations bill. The legislation contains a provision to create the first ever Low-Income Household Drinking Water and Wastewater Emergency Assistance Program with $638 million in appropriations – an historic win for water accessibility and the first appropriation of its kind for water assistance.Read More

EPA launches new clearinghouse for environmental finance

EPA launches new clearinghouse for environmental finance

December 14, 2020 at 11:30 am 0 comments

The U.S. Environmental Protection Agency (EPA) has launched the Clearinghouse for Environmental Finance (Clearinghouse), an online database of land, air, and water information. This new Clearinghouse catalogues available funding, financing, and instructional resources to aid communities in their efforts to improve environmental conditions. The Office of Policy collaborated with the OfficeRead More

NACWA: Clean water funding excluded from final WRDA package

NACWA: Clean water funding excluded from final WRDA package

December 7, 2020 at 8:00 am 0 comments

Friday evening, Congress released its long-awaited conferenced Water Resources and Development Act (WRDA). Over the past several cycles, this bill has become the vehicle of choice for authorizing essential funding for clean and drinking water infrastructure. While both the House and Senate Committee versions of WRDA 2020 included clean waterRead More