Tuesday, February 03, 2004
 
But I Voted

I also voted a hearty, hi-ho, heck no, to the Metropolitan Sewer District's bid to float a bond issue or raise taxes, or whatever MSD might have meant with this glurge:
    To comply with federal and state clean water requirements, shall The Metropolitan St. Louis Sewer District (MSD) issue its sewer system revenue bonds in the amount of Five Hundred Million Dollars ($500,000,000) for the purpose of constructing, improving, renovating, repairing, replacing and equipping new and existing MSD sewer facilities and system, including acquisition of easements and real property related thereto, the cost of operation and maintenance of said sewer system and the principal of and interest on said revenue bonds to be payable solely from the revenues derived by MSD from the operation of its sewer system, including all future extensions and improvements thereto?
Hell, no. Because when the costs are overrun and the revenue projections fall short, or if you're too busy lining the pockets (and maybe a couple of purses and handy bags to carry the ph4t l00t), guess what? Time for another big IOU or rate increase.

If you cannot deal with it from the revenues already derived hereto from the operation of the sewer system, don't do it. Sewer system! Pah! We drink bottled water, wine, and beer here at Honormoor and we wash our dishes in Listerine. A pox on ye all!

On the other hand, congratulations to MSD for being corruption free for 128 days now. Nothing that half a billion dollars wouldn't cure.

(Funny how tax/rate increases/bond issues end up on the ballot for elections with light turnout, ainna?)

- posted by Brian J. @ 7:18 PM
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To say Noggle, one first must be able to say the "Nah."