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Water, sewer sale clears another hurdle

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The Indianapolis Board of Waterworks gave its blessings Friday to the sale of the city’s water and wastewater utilities to Citizens Energy Group.

That leaves the City-County Council and the Indiana Utility Regulatory Commission to vote whether or not to approve the $1.9 billion deal proposed by Mayor Greg Ballard last March.

The deal appeared threatened earlier this week when the measure fell short of the necessary votes among waterworks board members who either voted against it or abstained to obtain more information. Board chairman Marvin Scott reconvened the board, which approved it by a 4-1 tally. The lone vote opposing the sale was from Frank Short, a Democrat, and Washington Township Trustee.

The sale could wind up providing up to $425 million for use in city infrastructure improvements.  Citizens, which provides gas, steam and chilled water service to residents in Marion County, says combining the utilities under its umbrella will provide a number of efficiencies and keep rates lower than if the utilities remained in city hands.

 


 

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  • IT IS NOT A TAX INCREASE
    THE TAXPAYERS ARE GETTING SCREWED WE GET TO PAY BACK INTEREST THRU HIGHER WATER AND SEWER RATES INSTEAD OF THRU HIGHER COIT OR PROPERTY TAXES... WE LOSE A FEDERAL TAX DEDUCTION.... SO IT IS THE DOUBLE SCREW JOB SINCE THE ASSETS ARE BEING LEVERED UP IN THE SALE TO BUILD CURBS AND SIDEWALKS WHICH WOULD ORDINARILLY BE IN OUR TAXES.... I COULD SEE LEVERING THOSE ASSETS IF THE MONEY STAYS WITH CITIZENS FOR WATER AND SEWER INFRASTRUCTURE BUILDOUT.... CITY LEADERS ARE CROOKS.
  • Scott betrays Tea Partiers
    GOP perennial congressional candidate Marvin Scott has been shamelessly pandering for the Tea Party vote. Today. as Chair of the Waterworks Board, he just voted for the largest tax increase in Indianapolis history - that water for his tea bags just got immensely expensive!

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