A new $1 billion initiative will help ensure that everyone in Illinois has safe drinking water.
Around the state, many residents are currently getting their water through water mains that are almost 100 years old and many wastewater treatment facilities are in need of repair. The Illinois Clean Water Initiative will help the state meet local demand for safe drinking water and funding for wastewater treatment infrastructure. According to the Illinois Environmental Protection Agency, over 350 local governments have made requests for such support.
The project is expected to create over 28,000 jobs, including 9,700 jobs in construction, 4,600 indirect jobs in supplier industries, and 14,300 jobs in related businesses. Water mains will be replaced, treatment plants will be built, sewers upgraded, and environmental threats cleaned up.
The State Revolving Fund (SRF) has been expanded by the IEPA and Illinois Finance Authority to $1 billion in long-term, low-interest loans to local governments for the program. Annual federal grants, a one-time infusion in the American Recovery and Reinvestment Act of 2009 funds, a federally required state match, and the principal and interest from loan repayments will fund the SRF. No new state tax money will be used for the initiative.
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