All NJ Lawmakers Must Support Campaign Funding Correction Letters

Crypto looks like the dot-com space of the 1990s, and bitcoin may not survive it, says chief investment officer |  Currency news |  Financial and business news

Reject sewer utility privatization Barbara and Stephen Miller, Haddonfield Recently, the public became aware of secret discussions between members of the Cumberland County Utilities Authority (CCUA) and a private-equity firm, Bernhard Capital Partners of Louisiana.

We thank Rep. Kim for signing on as cosponsor, and we hope our own congressman, Donald Norcross, D-1st Dist., and others in our state congressional delegation do likewise. Polls indicate the money-in-politics issue reaches across the political divide, and has broad support from Republicans, independents and Democrats alike.

Kim has proven he is a representative of, by, and for the people, and a dedicated public official — what big money shouldn’t buy. The only way to address a Supreme Court decision like Citizens United is through the constitutional amendment process, which is why HJ Res 1 is so important.

So, it appears that instead of focusing on reversing this decline by improving county services, CCUA members who favor this privatization want to help a private company turn a bigger profit. When Bernhard made a similar pitch to the City of Millville (which is not served by CCUA) a few years ago, city officials ultimately decided against it because it would cost the city valuable revenue in the long term and possibly lead to higher rates. What we need is leadership focused on the important issues that affect our communities, not on having secret conversations with private companies. Make no mistake, this is happening because of our county leadership. We have witnessed time and again elected officials appointing friends and supporters to run our government. During the presentation, a Bernhard representative stated that communities served by the CCUA are in “decline,” as the number of customers goes down and continuing expenses stay the same. He predicted the authority eventually would be “financially stressed” if nothing is done,

While the CCUA might receive an influx of cash in the beginning, the long-term costs of this plan were not laid out. Needless to say, there are too many remaining questions to support this deal. While no specifics have been mentioned, the concept is that the CCUA would receive an upfront “monetization” payment from Bernhard, and the company would receive certain rights to the wastewater management plant and the user fees it generates. The financial impact on ratepayers was not discussed during a subsequent public presentation.

The News Highlights

  • All NJ Lawmakers Must Support Campaign Funding Correction Letters
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
China orders mass tests in Wuhan as COVID outbreak spreads
China orders mass tests in Wuhan as COVID outbreak spreads
Government-affiliated scientists have said that Chinese vaccines are less effective against the new strains of the coronavirus but still offer some protection. ...
MORNING BUSINESS REPORT: Student loan is not worth it, help with internet account, large wind farm News
Diplomats: ASEAN awaits approval from Myanmar envoy
The 10-nation bloc has been under increasing international pressure to act on the troubles unfolding in Myanmar, an ASEAN member where the military in ...
Her grandson attacked her.  Now she advocates mental health reform in Virginia
Her grandson attacked her. Now she advocates mental health reform in Virginia
Last week, Governor Ralph Northam announced that Virginia plans to commit $485 million in federal and state funding to address challenges in Virginia’s ...
Survivor details of the capsized lift boat escape during audition
Survivor details of the capsized lift boat escape during audition
Lewis was a contractor who was on the Seacor Power as a representative of Talos Energy, owner of the oil platform where the Seacor Power was heading. Lewis ...
Inside the $ 7 billion merger of Sequoia Financial and Wealthstone Advisors
Construction company must solve big salary theft case
Shapiro has called it a “massive, unprecedented fraud” and the largest case of its kind nationally. The attorney general’s office said Hawbaker stole more ...
Titan Medical will report second quarter 2021 financial results on August 11, 2021
Titan Medical will report second quarter 2021 financial results on August 11, 2021
Story continues For more information, please visit www.titanmedicalinc.com. Forward-Looking Statements Certain of Titan’s robotic assisted surgical ...
Cedar Announces Krishna Rao as Chief Financial Officer
Cedar Announces Krishna Rao as Chief Financial Officer
About CedarCedar’s mission is to empower us all to easily and affordably pursue the care we need. As the only complete solution to address all of the ...
Beaten with the #MeToo revolt, the head of Activision Entertainment has been released
Beaten with the #MeToo revolt, the head of Activision Entertainment has been released
Activision Blizzard CEO Bobby Kotick sent a letter to employees after the lawsuit was filed, stating that the company was “taking swift action to be the ...
Firefighter injured in fire at Lawrenceburg company
Firefighter injured in fire at Lawrenceburg company
No additional information was immediately released. The cause of the fire is under investigation. Heavy smoke and flames were seen coming from the ...
Quarantine / Isolation License Guidance COVID-19 – Florida State University News
Quarantine / Isolation License Guidance COVID-19 – Florida State University News
Questions? Please contact HR-COVID19@fsu.edu. Requests for COVID-19 pool leave can be sent to HR-COVID19@fsu.edu. This paid leave will become effective August ...
Show next
Compsmag - Latest News from tech, business and health
Logo