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Money Down the Drain

by Elissar Khalek last modified 2009-02-24 12:44

Full Report - Our country faces one of the greatest challenges of this generation. The collapse of the housing market has forced families out of their homes, dried up capital markets, led to job loss and unemployment and left local governments scrounging for money just to keep day-to-day operations running. This includes water and sewer service. Dilapidated sewer lines, faltering treatment plants and unfunded federal mandates only further burden struggling municipalities. Water corporations are trying to milk this economic turmoil for all its worth. They are approaching cash starved cities and towns with offers of money in exchange for their water and wastewater systems.

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