Previewing what Election Day in Arizona could mean for bonds … school bonds.
Taxpayers May Bear Burden Of Leaking Storage Tanks
A new report warns
An Auditor General's report found the Department of Environmental Quality has no way to prove many people with the tanks have the required insurance to cover leaks. The report says proof is lacking in a third of the cases, and the gas tax that has covered the costs is expiring in 2015. DEQ Director Henry Darwin acknowledges the problem but says he can't do much to solve it.
“I could send out a thousand letters tomorrow, but that's
not going to do us any good,”
Henry says fines won't do much, because people with the tanks say they don't have the money to buy the insurance. He says DEQ is working with tank owners to find affordable coverage to meet the legal requirement.