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Sunday, 15 March 2009 13:08

Trenton water sale is fiscal foolishness

The classic analogy escapes me, but even in the coldest winter, no apple grower would cut down his apple trees for firewood, and only the most foolish among us would sell a cash cow for a short-term fix.

For generations, Trenton Water Works has been our cash cow, providing city budgets with surpluses and some of the lowest water rates in the state. To pawn it like our grandma's old earrings is to forever forfeit one of the last income-generating assets Trenton still owns. And, keep in mind that those in our administration trying to paint this sale as sound fiscal strategy are the same people who helped create our budget predicament in the first place.

While it may make political sense for our mayor to sell off our assets to buy some time, it is economic idiocy to forego the annual cash infusions that have helped keep our city afloat. Yes, the TWW sale will get us through the 2009 and 2010 budget cycles, but the proceeds will neither fix the underlying "structural" problems, nor cause our elected officials to come up with sound long-term remedies. The money will be gone, the exponentially more painful tax hikes will immediately ensue, mismanagement will continue and we will pay the price forever.

-- FRANK WEEDEN, Trenton

Times of Trenton, Sunday March 15, 2009

Last Updated on Sunday, 15 March 2009 13:13
 
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Sunday, 15 March 2009 11:38

A politician's Dream 

Suppose you were a politician. Whose own bad management of the city budget resulted in a situation where you had to raise taxes by an astonishing amount, and you could blame it all on someone else. Would you do it? In common language it’s called the "ol' mis-direction", divert attention away from yourself, by claiming others "forced" you into it.

Suppose you had created a situation, by delaying the budget, then complain, "there is no time left" to consider anything else but a one- shot "deal" to privatize part of the water infrastructure by out-sourcing its ownership. On the North-side we call it "the Bum-Rush", that is to push something through before anyone has time to react.

Suppose you and the other politicians on city council had already spent the money that they in fact, did not have, then counted on a one-shot deal to fill the hole that they themselves had created in the first place, and then say - it was someone else's responsibility if it failed. Now that would be sweet!

It's like breaking wind- then pointing at someone else.Suppose you could focus all the negative attention on the very people would had the courage to stand-up to you to say "no, let the people themselves decide", and make them the villains. Would you use that political ploy?  You could spin your attempts to bully and intimidate them with lawsuits, the full power of city hall and your political machine, as the actions of a heroic politician trying to save the city. It would be sheer political poetry.Instead of genuinely trying to find a better solution, you claim that "there is no other way". You could demand that these concerned citizens fix the problem themselves - when you know that it's the politician's responsibility to do that, the whole time. You could claim that your hands are clean when the private company you've cut a deal with, deploys an outfit known for their "dirty-tricks" to conduct a "push-poll" to persuade the public to OK the deal, even use the City's public address system to send out political messages. In fact, you could run a full blown political campaign against five conscientious citizens exercising their constitutional right to petition their government. You could blame the DCA, the Petitioners, and the economy, everyone else - except yourself. It would be a politicians dream. It would be akin to Goliath the giant, claiming "a great victory" over a boy with a sling-shot.

Suppose with all the attention being paid to water infrastructure sale, the most egregious feature of the deal slipped by without anybody noticing. The impending tax-lien bond sale, which we’ve been told, we must hurry-up and do, is the means by which poor people already behind on their property taxes, are dispossessed of their homes. The impact of this scandalous, but legal practice, falls mainly on Trenton's economically fragile minority communities, the elderly and working poor with little means to redeem their property when tax-liens are piled on top of their tax bills when they fall behind. The city makes- up for this uncollected tax money by selling these tax-lien bonds at exorbitant interest rates to guarantee their sale. Now, the politician can brag about his high tax collection rate, the lien-buyers make money, the city makes money, the lawyers make a lot of money by acting as Bond Counselors to sell the tax-lien bonds but the most vulnerable, already struggling people, lose their homes to foreclosure when they can't pay their back-taxes plus these heavy liens. The result of this dastardly practice is that the City of Trenton itself becomes the biggest Slum-Lord around. When it gets enough properties together, it can sell them to a developer at a reduced price. The tax-lien bond buyers are paid-off when the properties are sold to the developer, so everybody makes out - except the working class home-owner who worked their lives away to buy a home that may have been in their family for generations and can't buy another house because they now they have a foreclosure on their credit record and can't get another mortgage. It’s a true re-distribution of wealth from the poor to the rich without anybody noticing and somebody else taking the fall. Yes, it would be a politicians dream - but the people’s nightmare. 

The one saving grace in all of this is that people are smarter than many politicians think. They may not know what’s going on behind the scenes, but their instincts and common sense are very good. It makes them suspicious when a politician pushes a little too hard for a deal with a private company. They can see through things when they begin to ask themselves - who benefits from all of this? The politicians still don't get it. The people want a change from the old political games, because they are sick of it. They are paying attention now, they have a renewed sense of their power and it's time to wake-up from a politician's dream. Keep public water!

I am,
Petitioner #5
Algernon Ward Jr
Last Updated on Monday, 16 March 2009 00:22
 
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Monday, 09 March 2009 01:00

Water regulation, not privatization

More than 25 years ago, Ronald Reagan started the push for privatization and deregulation that continued under George W. Bush.  It led to deteriorating infrastructure, inadequate health care and the downfall of our economy.

The proposed sale of Trenwon Water Works to New Jersey American Water, a private company, isn't the change we need; it's Reaganomics. We should have learned our lesson -- such assets must be publicly owned, particularly those that involve basic human needs, including the right to clean water, medical care, education and social security.

With economic stimulus money available for water resources, Mercer County reisdents should insist that money go toward improving water quality with state-of-the-art technology of a well-regulated public water system. Residents just recieved a quarterly bill reflecting a 40 percent rate incerease that was done in part to make the sale more attracitve to the American Water Company. Price-gouging cannot be tolerated, particularly at a time when people are losing their jobs. Amercan Water has a national track record of charging exhorbitant water rates. The reason our water has historically been cheaper than the state average is because we haven't been paying American Water bills.

Trenton residents who ciruclate petitions to put the sale of the Trenton Water Works to a public vote should be supported by suburban residents. Newark reisdents were successful in preventing the sale of their water system. I ask readers to contact their elected officals to urge them to oppose the sale of Trenton Water Works.

-- ROBIN WILLIAMS, Lawrence

Times of Trenton, Monday, March 9, 2009

Last Updated on Tuesday, 10 March 2009 08:20
 
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Tuesday, 03 March 2009 01:00

Water works sale would be a washout

Trenton Mayor Douglas H. Palmer's comments in The Times and Trentonian of Feb. 26 show that our city executive has lost all sight of his duty to protect the interests of the residents.

His shortsighted plan to sell off a revenue-generating asset, the Trenton Water Works, to plug re curring budget shortfalls makes it plain to see that he cares little about the future of the city, a future that will likely no longer include him or many of the officials who have pushed this deal. His threatened tax increase, well in excess of that allowable under New Jersey's tax cap law, is noth ing more than scare tactics from a desperate politician who has ad mittedly run out of Houdini-like tricks.

For the residents who love Trenton and plan on remaining in the city for many years to come, this deal represents the last in a long line of faulty initiatives that seek to smooth out the immediate future of self-serving politicians at the expense of all Trentonians.

I urge city residents to lend their support in collecting more signatures for the petition ("Petition might put Trenton water deal to a vote," Feb. 28) and getting out the vote in the event of a referendum, to ensure this abomination is defeated once and for all, for the benefit of the city.

I urge Gov. Jon Corzine to step in and put a stop to the kind of tax-increase threats that fly in the face of all he had said about protecting the wallets of taxpayers from excessive tax increases.

-- GREG FORESTER, Trenton

Times of Trenton, Tuesday, March 3, 2009

Last Updated on Tuesday, 10 March 2009 08:20
 
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Saturday, 28 February 2009 01:00

Backflow privatization with water petition

The people of Trenton are to be commended for their effort to reverse privatization of Trenton Water Works' suburban infrastructure ("Petition might put Trenton water deal to a vote," Feb. 26). What is Trenton Mayor Doug Palmer going to sell next, Cadwalader Park?

Instead of leaving such a drastic and irreversible move to the four township mayors who meekly surrendered the interests of their citizens to the water monopoly, we in the townships should have had a chance to vote. Much to its credit, the Hamilton Township Council listened to Hamiltonians and voted against the sale.

I hope the petition drive in Trenton succeeds in allowing its residents to vote on the sale of the water works pipelines. That's what democracy is all about.

-- ALLEN GOLDBERG, Hamilton

Times of Trenton, Saturday, February 28, 2009

Last Updated on Tuesday, 10 March 2009 08:20
 
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