Some of the possible options could be:
Issue new debt = Rate Increase
Private Public Partnership that equals sale or lease of our assets = Rate Increase
The intent of these two options, would be to provide immediate capital (monies) to invest in the infrastructure. These two options will result in rate increases and may allow for structured rate increases over a longer period of time.
Another option is a rate increase or increases over a shorter period of time to generate monies to build a fund to invest in the infrastructure. I hesitate on this option. It is to risky. Could we build a big enough fund to do what we need to do? Will the money go else where? Just too many unknown's...
This is where our city leaders need constructive input. I am certain that there are other concepts and or ideas...
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The residents of Rialto will really regret it if they do not do something to stop the lease of the water/wastewater. It may be a solution to the current budget problems but what happens when the council spends all the money and have no money making assets left! A private company will certainly have no concern for how much the residents will have to pay them! It is a business deal and the residents will be their hostages!
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