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DiFrancesco Signs Bill To Bail Out Trash Debt

Bad Credit Credit Creditres Acting Gov. Donald DiFrancesco, in one of his last acts in office yesterday, signed a bill that will save Burlington County and other counties, millions of dollars in trash costs.

  • Distinguish between good and bad debt
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  • Use credit cards responsibly

Bad Consolidation Credit Debt DiFrancesco signed the measure authorizing the state Economic Development Authority to take over more than $1 billion in debt incurred by counties that built expensive trash incinerators, landfills and recycling plants.

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Bad Company Credit Repair In exchange, the counties will have to pay 50 percent of the refinanced debt. In Burlington's case, the new law will allow the county to cut its $11 million annual debt payment to about $3.5 million.

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Bad Card Credit Credit "I'm just ecstatic and extremely grateful to all those people in Trenton who worked so hard to get this done,'' said Mary Pat Robbie, the management specialist in charge of the county's solid waste program.

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Bad Car Credit Loan She lauded the bill sponsors, Assemblymen Joseph Malone, R-30th of Bordentown City, Larry Chatzidakis, R-8th of Mount Laurel, and Sen. Martha Bark, R-8th of Medford, who shepherded the bill through a lame duck Legislature.

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Bad Credit Loan Mortgage The specialist said the bill would likely not have an impact on the county's trash tipping fee in 2002. The fee recently was increased by $1.50 to $56.21 per ton.

Auto Bad Credit Loan At worst, the legislation will allow the county to stabilize the fee in 2003, she said. But Robbie would not say whether the fee will be cut next year.

Bad Credit Mortgage Refinance The financial aid will enable the county program to refocus on boosting recycling rates and uncovering more viable markets for its recycled products, without worrying about debt, she said.

Bad Credit Refinance "We're in a competitive marketplace now. That's the world we have to live in from now on. Being a market participant, we'll always be vigilant about spending. We'll always have to be as efficient as we can be,'' she said.

Bad Credit Mortgage Second Backers pushed the bill to help counties such as Burlington and those in even more dire financial straits in the aftermath of a 1997 U.S. Supreme Court ruling. The justices stripped counties of the power to direct the flow of trash. Previously, counties enjoyed a near monopoly and a steady stream of revenue to pay for state-ordered trash incinerators and landfills.

Bad Credit Loan Student By Kathleen Cannon
Burlington County Times - 1/8/2002

Topic: Solid Waste

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