Water Infrastructure Investment & Financing
Though often overlooked, maintaining first-rate water infrastructure must be a national priority. Clean, consistent, and safe water service is essential to both protecting public health and ensuring economic growth.
While AMWA member utilities deliver high-quality water from coast-to-coast, the nation as a whole faces significant long-term water infrastructure investment needs that cannot be ignored. The Environmental Protection Agency estimates the nation’s drinking water infrastructure requires roughly $384.2 billion worth of repairs and upgrades over the next two decades just to maintain current levels of service, and other studies have placed this price tag significantly higher. Fortunately, these investments will deliver a great return: the U.S. Conference of Mayors estimates that 8.7 construction jobs are created for every $1 million invested in water infrastructure investment.
AMWA supports the following steps to rebuild and maintain our water infrastructure:
- Strongly support the Drinking Water State Revolving Fund (DWSRF), a state-based loan program that helps finance water infrastructure projects across the country. The DWSRF focuses on investing in infrastructure that will improve water quality and protect public health.
- Fully fund the Water Infrastructure Finance and Innovation Act (WIFIA), a new federal loan program that will offer low-cost financing for major water infrastructure projects costing more than $20 million – generally too large to receive meaningful assistance through the DWSRF. Eligible projects will include a wide range of construction, replacement and rehabilitation efforts, as well as measures to reduce a utility’s energy consumption or increase its water efficiency. Congress must also reform WIFIA to allow it to assist projects that also receive funding via tax-exempt municipal bond issuances.
- Maintain the federal tax exemption for interest earned on municipal bonds. Tax-exempt municipal bonds allow water systems to obtain project financing at lower interest rates, allowing local ratepayer dollars to stretch even further. Over the past ten years cities and towns have used tax-exempt municipal bonds to finance nearly $258 billion worth of water and sewer infrastructure projects.
Recent Letters and Comments
Letter to Senate Finance Committee in support of maintaining advance refunding of municipal bonds
November 13, 2017
Letter to House Ways and Means Committee in support of maintaining advance refunding of municipal bonds
November 8, 2017
Statement for the record of House Water Resources and Environment Subcommittee hearing on "Building a 21st Century Water Infrastructure"
September 26, 2017
Letter to House Ways and Means Committee in support of maintaining tax-exempt municipal bond interest
September 22, 2017
Letter to Senate Finance Committee in support of maintaining tax-exempt municipal bond interest
July 17, 2017
Letter in opposition to "open competition" mandates directing the selection of materials on federally-funded infrastructure projects
July 5, 2017
AMWA's response to questions for the record of the May 19, 2017 hearing on the "Drinking Water System Improvement Act of 2017"
June 23, 2017
Letter to appropriators in support of FY18 USDA Water and Waste Disposal Loan and Grant Program funding
June 15, 2017
AMWA testimony at hearing on the "Drinking Water System Improvement Act of 2017"
May 19, 2017
Public Water System Supervision program funding letter
April 25, 2017
Municipal Bonds for America letter in support of preserving tax-exempt municipal bonds
February 21, 2017
AMWA comments on EPA's interim final rule, "Credit Assistance for Water Infrastructure Projects"
February 17, 2017
AMWA comments on EPA's proposed rule, "Fees for Water Infrastructure Project Applications Under WIFIA"
February 17, 2017
AMWA statement for the record on "Modernizing our Nation's Infrastructure"
February 8, 2017
AMWA letter on the "Water Infrastructure Improvements for the Nation (WIIN) Act"
December 7, 2016
Water sector letter to President-Elect Donald Trump
November 18, 2016
AMWA letter to President-Elect Donald Trump
November 17, 2016
Letter in favor of robust FY17 SRF and WIFIA funding
October 27, 2016
AMWA letter in favor of water infrastructure provisions in the final "Water Resources Development Act"
October 12, 2016
Water sector statement supporting Senate passage of S. 2848, the "Water Resources Development Act"
September 15, 2016
Letters in support of H.R. 4216 and S. 1802, the "Consumer Financial Choice and Capital Markets Protection Act"
August 31, 2016
AMWA's comments on EPA's Information Collection Request on WIFIA application materials
July 22, 2016
Municipal organization letter encouraging a House vote on H.R. 5303, the "Water Resources Development Act of 2016"
July 6, 2016
AMWA letter to the House Ways and Means Committe in support of maintaining tax-exempt municipal bonds
June 28, 2016
Business and municipal organization letter urging Senate action on S. 2848, the "Water Resources Development Act of 2016"
June 22, 2016
Water sector letter urging Senate action on S. 2848, the "Water Resources Development Act of 2016"
June 17, 2016
Comments to IRS on proposed changes to the definition of a "political subdivision" eligible to issue tax-exempt bonds
May 23, 2016
AMWA letter to Environment and Public Works Committee on the Water Resources Development Act of 2016 (S. 2848)
April 27, 2016
AMWA letter to Sen. Cardin on water infrastructure and lead response legislation
April 13, 2016
AMWA's statement for the record on "The Federal Role in Keeping Water and Wastewater Infrastructure Affordable"
April 7, 2016
National Water Monitoring Network Funding Letters to Senate and House Appropriations Subcommittees
March 17, 2016
FY17 water infrastructure funding letter to House Appropriations Committee
March 8, 2016
FY17 water infrastructure funding letter to Senate Appropriations Committee
March 8, 2016
Value of Water Coalition "Guiding Principles for Securing our Water Future"
February 4, 2016
Joint association statement on Flint lead crisis
February 3, 2016
Letter in support of strong FY16 SRF and WIFIA funding
November 10, 2015
Letter requsting inclusion of WIFIA revision in transportation reauthorization conference report
November 9, 2015
Letter in support of H.R. 3756, the "WIFIA Improvement Act"
October 19, 2015
Letter thanking Senate committee for acting to overturn WIFIA's tax-exempt financing restriction
July 8, 2015
Open letter to Congress in support of water infrastructure funding
June 17, 2015
Letters to Congress in support of funding for National Streamgage Monitoring Network
June 9, 2015
"Don't Mess With Our Bonds" coalition letter to President Obama on preserving tax-exempt municipal bonds
March 27, 2015
"Don't Mess With Our Bonds" coalition letter to Senate leaders on preserving tax-exempt municipal bonds
March 27, 2015
Summary of the need to fix WIFIA's municipal bond restriction
March 18, 2015
Fiscal Year 2016 SRF/WIFIA funding recommendations to Budget Committees
March 10, 2015
Letter to EPA with WIFIA implementation recommendations
January 26, 2015
Letter to OMB on FY16 water infrastructure funding priorities
November 3, 2014
Letter to Congress on WIFIA funding in FY15 omnibus appropriations bill
November 3, 2014
Fiscal year 2016 WIFIA funding request to EPA
October 31, 2014
WIFIA implementation recommendations to EPA
July 22, 2014
Letter requesting FY15 appropriations for WIFIA and the SRF programs
May 30, 2014
Letter in support of WIFIA "Dear Colleague"
February 28, 2014
Letter to White House requesting robust FY15 SRF funding levels
January 31, 2014
WIFIA summary with recommended technical corrections
November 20, 2013
Letter to Senate conferees in support of WIFIA
November 13, 2013
Letter to House T&I Committee leaders in support of WIFIA
November 13, 2013
Letter to senators in support of WIFIA
September 9, 2013
One-page briefing paper on WIFIA