Consider that the Waukesha School District stands to lose tens of millions of dollars in a failed investment scheme, which means one or more of these things will happen, all with costs to taxpayers:
Thursday, January 7, 2010
A damaged credit rating.
Unknown added expenses for the system because of a revenue shortfall.
Then consider that the water utility estimates the cost of its preferred Lake Michigan diversion plan at $164 million - - but there is years of planning, changes and possible litigation down the road, not to mention studies that could lead to a different water plan.
Add all that up for ratepayers and taxpayers, and there will be real costs to everyone living in Waukesha and using its water.