Hoboken mayor says water proceeds went to plug budget holes, not fix infrastructure

Posted at 10:09 PM, Apr 03, 2013
and last updated 2013-04-03 22:09:08-04

Hoboken Mayor Dawn Zimmer admitted Wednesday that the three recent water main breaks that swallowed a car and wreaked havoc during the morning commute could have been prevented.

Zimmer said a deal struck with United Water in the 1990s was at the heart of the infrastructure woes.  The deal was supposed to bring a windfall of up to $100 million in profit for the city over 30 years — as of 2001 only $13 million wound up in the coffers.

All profit went to balancing Hoboken’s budget, instead of updating the aging water main system.

She called the city official’s financial decisions during the ’90s “unbelievably shortsighted”.