On August 21, 2023, Illinois Environmental Protection Agency (Illinois EPA) Director John J. Kim announced the issuance of more than $571 million in water infrastructure loans to local governments and water districts for the fourth quarter of Fiscal Year 2023 (April – June 2023). The Illinois EPA State Revolving Fund (SRF) Program provides low-interest loans which fund wastewater, stormwater, and drinking water projects. More than $53 million in loan forgiveness was also provided to those recipients meeting the loan rules for either the Small Community Rate or Hardship Rate. In total for fiscal year 2023, Illinois EPA issued over $803 million in low-interest loans for water infrastructure. In addition to the SRF loans, Illinois provided nearly $54 million in funding for lead service line replacement over the last 12 months.
The City of Morrison has received $1,614,408.36 through the EPA’s Public Water Supply Loan Program; of which $807,204.18 (50%) is principal forgiveness. This funding is for the watermain replacement project on IL RT 78 South (East Wall Street, South Clinton Street and Portland Avenue). This project is in progress now with a final completion date in December 2023. The City of Morrison’s partners in this project are Fischer Excavating of Freeport (General Contractor) and Willett Hofmann & Associates, Inc. of Dixon (Engineering Services).
Complete Media Release: https://5il.co/23huw