As a follow up to yesterday's posting on the recent public meeting
to see about buying out Golden West Water Company, here's some price differences
between Municipal and privately owned
water districts in different states. On
average, privitization increased costs 33%. And, as was pointed out by the speakers, the
real savings comes in projecting out thhe constant "profit" price bump-ups
each year over the years. It does add up
to a huge amount taken out of a community as "profit" versus staying
in the consumer's pocket and staying in the community. Figures from: web: www.foodandwaterwatch.org
Muni Investor
Owned Owned
Utilities Utilities
Alaska $441.84
$458.79 4%
Arizona $225.00
$329.40 46%
Arkansas $273.83 $344.68 26%
California $415.86 $500.42 20%
Connecticut $300.72 $398.13 32%
Delaware $256.20
$449.40 75%
Florida $300.96
$360.02 20%
Illinois $240.84 $326.88 36%
Indiana $232.68
$318.81 37%
Iowa $219.84
$314.16 43%
Kentucky $316.07 $361.21 14%
Maryland $232.50 $381.00 64%
Massachusetts $357.00 $481.00 35%
Maine $331.31
$362.81 10%
New Hampshire $411.70 $582.00 41%
New Jersey $258.00
$318.00 23%
New Mexico $259.83 $356.34 37%
North Carolina
$204.12 $344.76 69%
Ohio $444.73
$510.40 15%
Oregon $271.79
$313.97 16%
Maryland $289.20 $367.20 27%
Tennessee $306.00 $381.00 25%
Texas $329.40 $553.80 68%
Utah $307.23 $359.05 17%
West Virginia $375.40
$456.82 22%
Wisconsin $252.03 $400.55 59%
Wyoming $261.83 $343.00 31%
Average 33%
2 comments:
Guess we'll have to read the link because this doesn't make sense.
I get it. Making that profit is the difference. The CSD water service is an enterprise fund, so is disallowed from collecting any extra money by law. The money they take in must pay for the water service and repairs and improvements to the infrastructure. No one pockets anything to spend elsewhere. (Which of course brings to mind the 2006 disappearance of the reserves the CSD enterprise fund held to make those repairs....)
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