The Truth Behind a Public Takeover for Long Islanders
There is a threat of a public takeover of New York American Water, which will hurt Long Islanders. Condemnation battles have played out across the country, and time and time again, residents and communities have seen higher costs.
THE FACTS ABOUT A PUBLIC TAKEOVER
|A public takeover could cost taxpayers on Long Island thousands of dollars. Contested takeovers of private water companies are very costly for the acquiring government entity and do not necessarily result in lower rates. Instead, these financial obligations are passed along to customers.||A public takeover could cost taxpayers on Long Island thousands of dollars. Private water companies invest in critical infrastructure at levels far higher than their municipal counterparts. Private water companies have the capacity to continuously improve treatment and distribution facilities.||Private water companies employ a local workforce to repair or replace water infrastructure. If these projects decrease due to a public takeover, so do local job opportunities. A public takeover directly threatens the livelihood of Long Islanders.|