Too Much Recycling? Free Market Gov’s’ Empty Landfills Worry Wall St.
EARLIER: Moody’s Investors Service has threatened to downgrade the Delaware Solid Waste Authority, currently rated A2, because the state isn’t dumping nearly as much lucrative trash for local towns in its Cherry Island Landfill and other waste sites as it used to. The state dumps have suffered “substantial declines in tonnage since 2007, from over one million tons, to 675,000 tons in fiscal year ending June 30, 2012,” writes Moody’s in a new report. “The authority expects tonnage to stabilize in the 600,000 to 650,000 tons range in the near term. “A large part of the decline since 2010 is due to increased recycling efforts through state bill that prevented the authority’s direct participation. “Declines have also come in general waste reduction efforts by households.” If Delawareans don’t start throwing out more garbage, DSWA has the power…