On Feb. 15, a broad cross-section of water sector organizations representing, utilities, public works departments, executives, manufacturers, research organizations and other industry partners sent a letter to Congress requesting that it fully fund the Clean Water and Drinking Water State Revolving Funds (SRFs) to congressionally authorized levels of $3 billion each for fiscal year 2024. The letter stated in part: “Fully funding the SRFs will expand access to affordable financing for water infrastructure that protects public health. SRF subsidized loans fund infrastructure that provides safe drinking water, recycled water, wastewater services and stormwater management in thousands of communities around the nation every year. Without increased federal funding for this critical public health infrastructure, the risk of exposure to preventable diseases from poor water quality and water scarcity will increase for millions of Americans.” The demand for affordable SRF financing has increased exponentially in recent years. Increased federal funding is needed to meet the growing demand for SRF subsidized loans, which has skyrocketed due to the increased cost of planning, design, construction and financing.
Source: Water Finance & Management
