New Report Underscores Funding Needs For U.S. Stormwater Sector
As heavy storm events become more frequent and impervious coverage spreads, the gap between current U.S. investment in stormwater management and the level necessary to satisfy Clean Water Act requirements continues to widen.
According to the latest estimates from the U.S. Environmental Protection Agency (EPA), bolstering stormwater infrastructure to effective levels will require nearly $70 billion during the next 20 years. However, EPA reports that only about 1,600 out of more than 7,500 U.S. Municipal Separate Storm Sewer System (MS4) permittees have a dedicated stormwater funding source in place, such as a stormwater tax or stormwater utility fee.
A group of stormwater, financing, and government experts recently submitted the report, “Evaluating Stormwater Infrastructure Funding and Financing,” to the U.S. Environmental Protection Agency. The report provides an overview of current funding opportunities for U.S. stormwater infrastructure and recommends ways to expand them. Image courtesy of Tumisu/Pixabay
A new report, “Evaluating Stormwater Infrastructure Funding and Financing,” explores the U.S. stormwater funding gap and recommends ways to address it.
See report attached.
The report, authored by a team of experts in stormwater management and finance as well as representatives of local, state, and federal governments, calls for establishing new stormwater funding programs, expanding existing programs, and enhancing outreach about the importance of stormwater management.
SOURCE US EPA