International Journal of Humanities and Social Science

ISSN 2220-8488 (Print), 2221-0989 (Online) 10.30845/ijhss

Water Authority for Sale: Disadvantages of Selling City Assets to Plug Budgetary Deficits
David P. Sosar

Municipalities across the state of Pennsylvania as well as the entire United States are facing ever increasing financial difficulties. Because of the current economic problems; demographic changes which are occurring; and, the increasing cost of current services; municipalities are grappling with balancing their budgets. With taxpayers in opposition to experiencing new or increased taxation, local governments are utilizing various methods to reduce costs in old and new methods. Local municipalities are reducing services, cutting staff, privatizing some services, and utilizing “one-time procurement of money” options as much as possible. This author recognizes the need for local governments to prepare balanced budgets by law and the necessity to pay bill. At issue is the “one time procurement of money” option when that measure requires the sale of an irreplaceable asset such as a government owned Water Company.

Full Text: PDF