Governor Christie has final say on bill that will privatize water without public oversight
Daily Kos
A bill that would allow New Jersey municipalities to sell their public water utilities to private, for-profit corporations without putting the measure to voters is awaiting Gov. Chris Christies signature.
Until now, any municipality in New Jersey that sought to sell off its water system to a private bidder had to hold a public vote. But a bill passed with bipartisan support by the states Senate last week would allow municipalities with aging and deteriorating water systems to put their systems up for sale without holding a referendum.
NJ voters have approved the sale of water systems to private developers in about 45% of the statemaking New Jersey one of the more receptive states in the union to privatization. It seems a bit strange that there would be a need to cut the citizens out of the decision making process.
And then there's this excerpt--
A report from Corporate Accountability International found that privatization of water supplies was often followed by rate increases. In Bayonne, New Jersey, a 2012 contract with United Water led to an 8.5 percent rate increase in the first year, according to the nonprofit. And a 2010 report from Food and Water Watch found that customers in New Jersey municipalities with private water systems paid on average 64 percent more than others in the state.
So, don't invest in repairing your infrastructure even if you have to raise taxes a bit. Instead, sell your public resource to privateers who will raise you rates! It makes perfect sense!