Home / Tag: Wally Morics
Wednesday, Nov. 4, 2009

Issue of the Week, Jerk and Hero of the Week

The Milwaukee Common Council has backed off the city’s attempt to lease the Milwaukee Water Works to a private corporation as a way to generate revenue for the cash-strapped but water-rich city. Earlier this year, Milwaukee Comptroller Wally Morics had estimated that a 99-year lease would add $30 million to the city’s coffers every year. Not bad, when you consider that the city is facing an eye-popping $90 million deficit next year. But that’s what the city government would have gained if a deal had gone through...
Wednesday, May 27, 2009

Questions arise over privatization discussions

City Comptroller Wally Morics, with the support of the Milwaukee Common Council, is considering whether a long-term lease of the Milwaukee Water Works is one of the answers to the city’s budget nightmare. Morics has argued that the money raised by a long-term lease, if invested in...