What the water gave me
Yet hidden in there is a piece of municipal finance history as the PWSA looks to finally be refinancing a big chunk of its variable rate bond that has been a consistent source of debate (for a few of us) and certainly cost.
Be sure of one thing... in the next year all sorts of things will make all sorts of headlines in city government, but the biggest, and most important, battles of all will be (has already been?) over control of the multi-billion dollar investments soon to be required for water and sewer infrastructure. Where will those decisions be made? Mostly at public water and sewer authorities. So the battle over governance of the PWSA and Alcosan are far bigger things not only in the sheer $$$ that will be spent, but even more importantly how it all will be spent. We just won't be paying all that much attention.
Remember the consternation over the financial bond deal JP Morgan once set up for PWSA? Did anyone understand it then and does anyone really know who wound up as the biggest financial winners in the end? Some say economists are w