Like so many other states across the country, New Jersey faces century-old infrastructure problems coupled with lack of financial resources needed to upgrade its systems in order to meet ever-tightening environmental requirements.
Studies have estimated that the state would need upward of $40 billion to upgrade its water infrastructure.
To address New Jersey’s needs, Gov. Chris Christie recently signed a bill that helps municipalities to faster sell, lease or transfer government-owned water and wastewater facilities to the private sector.
While critics of the bill argue that this legislation would eventually result in higher service rates for customers as private companies take over operation and maintenance of facilities, bill advocates feel that this is a key step to effectively addressing the state’s water infrastructure problems.
What is your opinion on this legislation? Share your thoughts at [email protected].