Water infrastructure funding faces cuts in FY2015 budget request

Sponsored by

WASHINGTON, DC, Feb. 4, 2014 -- Today, the Obama Administration released its FY2015 Budget request proposing $500 million in cuts to the Clean Water and Drinking Water State Revolving Fund programs (CWSRF and DWSRF). The budget proposes funding the CWSRF and DWSRF at $1.018 billion and $757 million respectively. This constitutes $350 million to the CWSRF and $150 million to the DWSRF over last year's funding levels.

Overall, the budget request proposes $7.9 billion for the Environmental Protection Agency (EPA) -- $300 million below the $8.2 billion Congress appropriated to the Agency for FY2014. Click here for a chart that compares proposed discretionary spending levels for EPA's water programs from FY2012 through the current FY2015 budget proposal.

This year's budget request again includes a proposal to limit the amount of tax liability wealthy individuals can claim on interest income received from investments in municipal bonds to 28 percent. At the same time, the budget again proposes a new bond program called America Fast Forward Bonds, which provides subsidy payments to state and local governmental issuers of conventional taxable bonds.

"These proposed cuts come at exactly the wrong time. Clean water agencies are increasingly demonstrating their ability to spur local economic development and create jobs -- efforts that the federal government should embrace as a full partner," said NACWA's Executive Director, Ken Kirk. "NACWA will be working to ensure that Congress replaces these cuts with full funding levels and remains a reliable, long-term partner in meeting the requirements of the Clean Water Act (CWA)."

See also: "Batten Down the Hatches"


Sponsored by

Did You Like this Article? Get All the Water Industry News Delivered to Your Inbox or Mailbox

Subscribe to one of our magazines or email newsletters today at no cost and receive the latest information.


EPA settles with East Bay MUD over hazardous waste violations

The Environmental Protection Agency recently announced a settlement with East Bay Municipal Utility District for improper management of hazardous waste at its Oakland wastewater treatment plant. The public utility agreed to pay a $99,900 penalty.

NSF Int'l, Global-Mark partner to provide certification of plumbing products in Australia

NSF International and Global-Mark have partnered to provide WaterMark certification, which is required for all plumbing products used in Australia.

NAWC formally announces new Board of Directors for organization

Earlier this week, the National Association of Water Companies officially announced the organization's new board of directors at its annual Water Summit in the city of Scottsdale, Ariz.

DC Water unveils $470M waste-to-energy project using first-of-its-kind technology

DC Water has unveiled its $470-million waste-to-energy project that is producing a net 10 megawatts of electricity from the wastewater treatment process, ultimately providing clean, renewable energy to power about one-third of the Blue Plains plant's energy needs.




© 2015. PennWell Corporation. All Rights Reserved. PRIVACY POLICY | TERMS AND CONDITIONS