Sinking Funds for Facility Replacements

Water Engineering and Management, Vol. 128, No 4, April 1981

1 Pages Posted: 4 Apr 2013 Last revised: 25 May 2013

See all articles by Steve H. Hanke

Steve H. Hanke

Johns Hopkins University - Department of Economics

Abstract

Water and wastewater authorities, particularly those operated as municipal utilities, have traditionally undercharged consumers for the services they purchase. Symptomatic of these financial policies is the fact that many municipal utilities in the United States have not been able to accumulate adequate reserves that can be used to replace aging equipment. The result has been a widespread deterioration of plant and equipment, which has reached crisis proportions in some of our older cities.

Keywords: Water Engineering, Management, Sinking Funds, Facility Replacements

Suggested Citation

Hanke, Steve H., Sinking Funds for Facility Replacements. Water Engineering and Management, Vol. 128, No 4, April 1981. Available at SSRN: https://ssrn.com/abstract=2245243

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

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