"Public-Private Partnerships" Are bad business for government.
SB 97 passed 32-4 last Friday.
Seriously flawed in it’s very concept, the bill grants private operators the ability to operate as-if they are the chartering government itself, sans the payback at the voting booth. Contracts could extend far beyond term limitations, and the ‘authorities’ created would be of a new design.
It will place those who fail to pay the private concern as immediately liable for fees as-if it were a government entity. It also brings back the spectre of eminent domain, and abuse of authority.
It also grants special rights to those who profit from such projects as described in the bill from paying property, sales or use taxes taxes.
Tell me I am wrong.