With the "shovel in the ground" deadline only seven months away, more ARRA-funded projects are getting under way. The EPA is providing detailed information on awards and expenditures of ARRA funds, and its web site provides state-by-state maps of its $7.22 billion investments under the recovery act. Weekly reports are provided to OMB that list all the individual grant awards made by the EPA.
In addition to the economic stimulus funding, two major proposals related to long-term funding are on the table:
Water Trust Fund
Rep. Earl Blumenauer (D-Ore.), along with a bipartisan group of four other representatives, has introduced the
Water Protection and Reinvestment Act of 2009 (HR 3202). This legislation would create a water trust fund that would generate $12 billion annually from FY 2010 through FY 2014, for total funding of nearly $60 billion to local communities to address drinking water and wastewater infrastructure needs. The fund would be paid for with several small taxes on industries that produce and consume water-based goods, as well as items that are flushed into sewer systems.
Water Infrastructure Bank
The American Water Works Association is supporting a federal
Water Infrastructure Bank. The bank would be authorized to borrow money from the federal Treasury at very low rates. In turn, the bank would make low-interest loans for larger projects that typically are too big to access the State Revolving Fund. Click the link to read more about a detailed report on AWWA's financing recommendations.
In looking at long-term infrastructure needs, a new report by Ernst and Young and the Urban Land Institute advocates a four-prong approach that would change policy and funding.