Instead of cutting bonuses and salaries and perhaps volunteering their time and effort, corporate bigwigs are going to stick customers with the increased cost of doing business after the Federal government has put its thumb down:
The federal government and the Metropolitan St. Louis Sewer District have reached an agreement requiring the nation's fourth-largest sewer district to spend $4.7 billion over the next 23 years to make significant upgrades aimed at cutting pollution and stopping sewage backups into homes, yards and waterways.
The agreement filed Thursday in U.S. District Court in St. Louis must still be approved by the court. It would end a lawsuit filed four years ago accusing the district of discharging untreated sewage into rivers and streams in violation of federal clean water laws.
The sewer district said in a statement that while the agreement is fair, ratepayers will foot the bill.
Oh, wait, that's the Federal government compelling another government entity to meet expensive increased standards, and the second entity is going to pass those costs on to not customers, but to citizens who have no choice but to pay up.
One cannot blame MSD for the coming rate increases, but note that because it's a government entity of its own, passing through the costs will be treated differently than if a corporation had done it. The corporations are greedy, the government entities are good. QED.