ABSTRACT

Legislative Options in the 114th Congress for Financing Water Infrastructure [December 30, 2016]   [open pdf - 765KB]

From the Document: "This report addresses several options considered by Congress to address the financing needs of local communities for wastewater and drinking water infrastructure projects and to decrease or close the gap between available funds and projected needs. Some of the options exist and are well established, but they have been under discussion for expansion or modification. Other innovative policy options for water infrastructure have been proposed, especially to supplement or complement existing financing tools. Some are intended to provide robust, long-term revenue to support existing financing programs and mechanisms. Some are intended to encourage private participation in financing of drinking water and wastewater projects. Six options reflected in legislative proposals in the 114th Congress, including their federal budgetary implications, are discussed. [...] A number of [the] options have been examined by congressional committees since the 112th Congress. [...] Nevertheless, interest in other financing options continues, in part due to long-standing concerns regarding the costs to repair aging and deteriorated U.S. infrastructure generally, and also in response to events in individual regions and cities [...] Consensus exists among many stakeholders--state and local governments, equipment manufacturers and construction companies, and environmental advocates--on the need for more investment in water infrastructure. There is no consensus supporting a preferred option or policy, and many advocate a combination that will expand the financing 'toolbox' for projects. Some of the options discussed in this report may be helpful, but there is no single method that will address needs fully or close the financing gap completely."

Report Number:
CRS Report for Congress, R42467
Author:
Publisher:
Date:
2016-12-30
Series:
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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