“Cincinnati is, in effect, converting its water utility to a for profit enterprise and raising rates. This enables it to start drawing regular dividend checks, just like Louisville does.” That profit comes from outside the city limits. “It creates an income transfer from the suburbs to the city, via water company profits.”
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Tuesday, November 3rd, 2009 | Share
Urbanophile
How Cities are Learning to Use Utilities to Extend Taxation Beyond City Limits
- March 11, 2010 -
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