Monday, March 15, 2010

$335 billion bill coming due

A few years ago when a bridge broke in Minnesota, there was some media work on investments needed to keep up our infrastructure. In today's New York Times, there's an article on investments needed to keep up our water system. Here's a quote:

An E.P.A. study last year estimated that $335 billion would be needed simply to maintain the nation’s tap water systems in coming decades.

Philadelphia alone is on the hook for $1.6 billion just to deal with rainwater, but as you can imagine there's nowhere that people are excited about increased taxes to pay for something they take for granted. Water systems are expensive, and someone has to foot the bill. Looks like we'll all be getting out our wallets sometime soon!