Privatization of public water, sewer services systems could be fast-tracked under N.J. bill
Trenton voters were given the opportunity to sell the city’s water system to a private company in 2010. The $80 million sale was defeated in a 4-to-1 landslide.
At Tuesday’s polls, hundreds of voters in tiny Sussex Borough overwhelmingly rejected a similar sale of their public system to private hands, while Haddonfield in Camden County solidly approved selling its deteriorating system to New Jersey American Water.
But such direct public mandate on water and sewer sales may become a thing of the past, as a bill in the Legislatures allowing public entities to fast-track selling water and sewer systems that serve millions advances this fall.
The sponsors of the “Water Infrastructure Protection Act” say it’s a way to get desperately-needed investment into water systems that have been neglected to the breaking point by government owners. The bill’s opponents warn that it’s an attempt to turn private profits of public infrastructure at the expense of taxpayers – who themselves will end up paying for the purchase prices with each flush of the toilet.
https://www.nj.com/politics/index.ssf/2014/11/public_would_no_longer_get_vote_on_selling_water_sewer_systems_under_advancing_nj_bill.html#incart_river
Say bye bye O to Ridgewood Water.
Who is going to buy it with the multi million dollar lawsuit in the wings.
Things like that are also factored into the sale price.
Will result in a discounted price.
We should put the NJ sewer plant up for sale also. That place has cost us a lot on money in fines and upgrades.
How much is it worth.
How much is it worth. I love to flush twice.
Just continue upping the toilet tax to pay for the incompetence down there.
Good riddance, maybe we can pay someone to take the liabilities. Black hole. Better off the books, these have been a drain on Village resources with poor governance, no accountability, and most likely graft and corruption.