[CPEO-BIF] New Jersey tank fund running on empty

[Lenny Siegel <lennysiegel@gmail.com>]

N.J. fund to help homeowners fix underground tanks runs out of money,  
creates $33M of spill cleanups


By Christopher Baxter
Newark Star-Ledger (NJ)
May 10, 2011


For Marty Lipp, the only thing deeper than the 8-foot hole  
contractors dug in his driveway to remove an old heating oil storage  
tank may soon be the one in his wallet for having to unexpectedly  
pick up the tab for the work.

Lipp, 53, of Maplewood, will now have to fork over up to $12,000  
after a popular state fund created to help residents remove leaky  
underground tanks ran dry last week — just five years after its  
coffers bulged with $90 million.

"I checked the website a day or so before this happened, and suddenly  
they hang out the sign and say there’s no more money?" said Lipp, a  
freelance writer whose work has appeared in The Star-Ledger. "I don’t  
understand where the oversight was, and how they could not see this  
was coming."

...

For the entire article, see
http://www.nj.com/news/index.ssf/2011/05/ 
nj_fund_to_help_residents_fix.html

--

Lenny Siegel
Executive Director, Center for Public Environmental Oversight
a project of the Pacific Studies Center
278-A Hope Street, Mountain View, CA 94041
Voice: 650-961-8918 or 650-969-1545
Fax: 650-961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org

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