Date: October 23, 2006
Source: News Room
The Southeastern Public Service Authority owes more than $250 million and has 11 years to pay it off. It will mean higher taxes and/or fees for the residents of South Hampton Roads and Western Tidewater. The agency was mismanaged, SPSA's executive director, John Hadfield, admits. The City of Chesapeake recently filed an unsuccessful lawsuit to escape its contract for which it too had played a role in the agency's current woes.
For more information, visit: www.spsa.com.
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