We wanted to share this editorial from the Daily Herald:
Step aside until investigation is over
Daily Herald
Published: 12/13/2009 12:24 AM
The DuPage Water Commission lost $19 million and its managers want you to foot the bill to clean up their mess.
It's not clear what happened. Forensic auditors are crunching numbers and pricey lawyers are investigating. Meanwhile, water rates likely will be increasing.
Outraged? People should be.
This $19 million didn't disappear overnight. We're told the money set aside for emergency repairs depleted slowly, tapped because the water commission charges less than what they pay the city of Chicago for Lake Michigan water. Money has been moving out of the fund set up to finance repairs into the general operating fund, leaving too few dollars to pay $53 million in debt.
Now the water commission wants to borrow $60 million to pay bills and rebuild reserves. Water rates reportedly could jump 42 percent.
Read entire editorial here: http://www.dailyherald.com/story/?id=343694