Sunday, May 11, 2008

Pittsburgh water authority OKs $100 million loan - Pittsburgh Tribune-Review

Bark, bark.
Pittsburgh water authority OKs $100 million loan - Pittsburgh Tribune-Review City Controller Michael Lamb said the increase in the water authority's debt to roughly $680 million is problematic -- particularly for customers who eventually could see rate increases as a result.

'We're seeing significant increases in payments to the city from the authorities, and we're seeing increases in the authorities for rates, rate increases and debt increases. That's a problem, I think,' Lamb said Thursday.
What a watch dog.

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