Mortgaging Milwaukee’s Future: Why Leasing the Water System Is a Bad Deal for Consumers
Full Report - The City of Milwaukee faces a serious fiscal predicament. Its budget deficit could top $100 million by 2010, and laws restrict its ability to raise taxes to help offset the shortfall. In 2008, with this conundrum in mind, a public official proposed leasing the Milwaukee Water Works to generate a new revenue source. The city needs an alternative to service cuts and fee hikes, but water privatization is an inadequate and possibly expensive option.
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