President Obama has once again proposed significant cuts in funding to the federal government's main grant program supporting water infrastructure development at the local level. His fiscal 2015 budget proposal cuts funding from the Environmental Protection Agency (EPA) for the Clean Water and Drinking Water State Revolving Funds (SRFs) by 33 percent, the second year in a row the president has tried to radically reduce federal funding. The Clean Water SRF would receive $1,018 billion in fiscal 2015 (starting Oct. 1,2014) and the Drinking Water SRF $757 million. The total of $1.775 billion is nearly a $581 million reduction from the fiscal 2014 enacted budget. Cities, counties and states use the money as low-interest loans which they then repay to the SRFs.
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