Today marks the end of the sixth annual National Infrastructure Week—a week of events, media coverage, and issue advocacy across the country to elevate infrastructure as a critical issue impacting America’s future. In the world of environmental finance, however, every … Continued
The White House’s Legislative Outline for Rebuilding Infrastructure in America, which was released early this year, outlines the President’s proposed steps to encourage increased state, local, and private investment in infrastructure. And though you’ve probably heard a lot about it, … Continued
In honor of Infrastructure Week (May 11-15, 2015), we dug into a report published by the Congressional Budget Office (CBO) in March. Public Spending on Transportation and Water Infrastructure, 1956 to 2014 reports on trends in federal, state, and local government spending on infrastructure, using data acquired from the Office of Management and Budget (OMB). This graph illustrates the federal funding trends for water and wastewater utilities between 1956 and 2014, in 2014 dollars. Funding levels have decreased dramatically — nearly fourfold between 1980 and 2014. The consequence for communities nationwide is even more significant when considering that a majority of the federal funds in the 1970s and 1980s were provided as grants, while the majority of the funds provided since the 1990s have primarily been loans.
Many government-owned wastewater systems in the United States are enterprise funds. That is, they are business-like units within the overall government that should be self-sustaining, taking their revenue from the rates and fees charged to wastewater customers rather than from … Continued