Mar11

24th Annual Municipal Sewer/Water Infrastructure Forecast & Market Analysis

Categories // Industry News March 11, 2021 Views 120

uct-2021-construction-market-analysis“With 2020 in the rearview mirror, most cities are breathing a sigh of relief. The year saw municipalities lose more than $27 billion in tax dollars and user fees, as communities shut down their businesses, manufacturing and other activities due to Covid-19 fears. But how will that be reflected in 2021 spending by public municipalities across the U.S.? While municipalities are seeing their infrastructure project spending budgets decrease, the contraction isn’t nearly as great as many anticipated. Overall, spending is expected to see a 3.1 percent drop in 2021.”

An influx of federal dollars will help boost spending abilities of many cities, through inclusion of substantial funding for federal programs in FY21 budget passed by Congress in late December. Included was: 

  • $1.6 billion in the Clean Water State Revolving Fund
  • $1.1 billion for the Drinking Water State Revolving Fund
  • $59.5 million for the EPW Water Infrastructure Financing & Innovation Act
  • $40 million for the Overflow Control & Stormwater Municipal Reuse Grant Program
  • $25 billion in a COVID relief package for renter assistance that allows those funds to help pay for drinking water and wastewater utilities.

Check out the entire 24th Annual Municipal Sewer/Water Infrastructure Forecast & Market Analysis conducted by Underground Construction Magazine which queried municipal personnel about a variety of important subjects, among them projected spending for 2021, amidst all the negatives and anxiety of 2020.

 

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