Council President Hines, flatly refused to permanently end the privatization debate June 11, 2009Posted by marylou in Uncategorized.
Referendum needed to privatize Water Works, Hines says
By Larry Sandler of the Journal SentinelPosted: Jun. 10, 2009
Any effort to privatize the Milwaukee Water Works would require voters’ approval in a binding referendum, environmentalists and Common Council President Willie Hines Jr. said Wednesday.
Activists said they would press the council to kill the idea immediately, with no further study. But Hines ruled out that course of action, calling it irresponsible in light of the city’s growing fiscal problems.
City Comptroller W. Martin “Wally” Morics has recommended studying whether to lease the Water Works to a private operator, believing that a 75- to 99-year lease could draw a one-time payment of $550 million to $600 million. That money then could be invested to create an endowment that would generate $30 million a year to help avoid annual debates over cutting services or raising taxes, he said. Read the rest of the article