Fixing lead in the water and other NJ debt obligations

October 21, 2019

Let me first say I support a bond issue to address the lead water crisis. We must address these problems in homes, on properties and in schools. The governor has indicated that $500 million in new debt is needed for the first part of the problem. He notes a further $100 million needs to be allocated for local schools from the $500 million bond act approved by the voters last November. 

I endorse these expenditures because I am a father, a grandfather, and a citizen — and it is the moral action to take.

However, viewing the issue from my professional background, I would ask at least three questions: does this amount solve the problem or do we need more — or do we even know? How does this new debt impact our existing debt load? Why does the state not have a six-year capital plan that includes all the capital needs of the state, including these needs? 

NorthJersey.com, Opinion by Richard Keevey, October 18, 2019

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