The Impacts of Altering Tax-Exempt Municipal Bond Financing on Public Drinking Water & Wastewater Systems

Source: National Association of Clean Water Agencies (NACWA) and Association of the Metropolitan Water Agencies (AMWA), White Paper, July 2013

From the blog:
…Today, NACWA released a joint report, The Impacts of Altering Tax-Exempt Municipal Bond Financing on Public Drinking Water & Wastewater Systems, with the Association of the Metropolitan Water Agencies (AMWA). The report examines the vital role of tax-exempt municipal bonds in funding drinking water and wastewater at a time when federal investment in this sector is waning.

Most notably, the report finds that if the Administration’s 28% cap had been in place during 2012, it would have cost states and municipalities approximately $6 billion in additional expenses for water and wastewater infrastructure projects, resulting in lost projects, lost jobs, less economic growth, and significant added costs to the nation’s ratepayers. The report also highlights several recent case studies from utilities around the country to demonstrate how their recent bond issuances would have been impacted by a cap or elimination of the tax exemption….