The 20-year statewide funding gap for Indiana wastewater and drinking water infrastructure is estimated to be between $6.5 billion and $8.5 billion, according to a new study by the Indiana Advisory Commission on Intergovernmental Relations.
Between 2005 and 2014, local governments invested approximately $4.5 billion in combined wastewater and drinking water infrastructure. If spending levels remain at the same level, state and local governments will face an annual shortfall between $326 million and $423 million to meet the infrastructure capital needs identified in the report.
“This represents a significant challenge for both local and state government,” said state Rep. Mike Karickhoff, R-Kokomo, who chairs the commission. “There has been a lot of focus on roads infrastructure funding in the state, but it’s incredibly important that we are aware of the needs for wastewater and drinking water and take appropriate steps to close this funding gap.” (more…)