Date: April 23, 2009
Source: News Room
The financially troubled Southeastern Public Service Authority (SPSA) this week adopted the highest disposal fees in the country as part of its financial rescue plan. The municipalities of Norfolk, Chesapeake, Portsmouth, Franklin, Isle of Wight County and Southampton County will now pay $170 per ton, up from $104 per ton earlier this year and $57 only two years ago. Virginia Beach and Suffolk are exempt from the increase as they have separate agreements with SPSA. In recent months the agency has not been struggling to craft a plan to pay down nearly $240 million in debt and is not even generating enough revenue to cover expenses. Currently, 40 percent of its annual budget goes to paying down debt.
See also: www.tidewaternews.com/news/2009/apr/24/spsa-raises-tipping-fees/.
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