The article mentions the situation here in Peoria with IAW. The subject of buying the water system does come up every so many years. As a general statement, I agree that a municipality is better off owning their own water distribution system. But, with our poor leadership here's how I see it going:
- city pays way too much money for a water distribution system that has parts that are over 100 years old.
- city creates water utility to manage and operate it.
- water utility is overseen by city leadership making it inefficient because, well, that's what city government does.
- any profit that is generated is sucked out the utility and used for more stupid public/private projects that are doomed to fail from the start.
- water distribution infrastructure continues to fail with no money to repair/replace.
- city government raises water rates after a campaign of tv and radio commercials saying how the citizens need to do this to protect our interests.
- people will buy it without holding our leadership accountable.
- they again suck the money out of the utility (after a water main main reconstruction project along a major road so everyone can see it. With signs thanking the constituents for their money)
- a few years later they say they need another rate increase and we start the dance all over again.