| A municipal Authority offers several unique advantages over private or investor-owned entities in its ability to deliver essential public services such as water. An Authority is nonprofit; therefore, 100% of all revenues remain within the Authority for system improvements.
Since drinking water is a public trust, both the quality and quantity of our water supply becomes more critical with each passing year. As a result of this, the question has arisen as to who should be managing this resource for the public benefit. There is debate within the water community as to whether this resource should be managed by the public or private sector. Currently, 85% of water utilities within the United States are in the public sector; however, the trend toward privatization has escalated over the past 10 to 15 years. Most privatization has taken the form of private management contracts; however, the purchase of public water utilities by private firms is also on the rise. At North Wales we believe that proper public stewardship of this most precious resource can and should be in the best interest of the public and we are dedicated to meeting the challenge of that trust. |
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