Towns regret selling public water systems amid budget shortfalls, neglected infrastructure

The need to rehabilitate infrastructure is urgent for many of the nation’s 50,000 community water utilities.

This hard-luck town just south of Chicago is weighing a decision confronting many small and midsize cities with shrinking populations and chronic budget deficits: whether to sell the public water system to a for-profit corporation.

Lake Station desperately needs the cash. Once solidly middle-class, the town of 12,000 has suffered from cutbacks at nearby steel mills, statewide caps on property taxes, and debt incurred to build a pricey new City Hall.

Source: Towns regret selling public water systems amid budget shortfalls, neglected infrastructure | OregonLive.com