Sewage rates in Alabama due to federal requirements

I was reading the news today when I was struck by this rather explosive headline: Alabama Residents Furious Over Possible Rate Increases: ‘If They Let This Stuff Happen They Are Going to Get the Biggest Riot the South Has Ever Seen’ It seems people are paying sewage and water bills from the city to the tune of $150 per month--and it's been threatened with big increases. What got me about the story, as far as KC is concerned is this: "Sewage and water rates (on average) have increased faster than inflation because the federal government has demanded that cities replace their “worn-out” sewer facilities to meet federal clean-water standards. When a federal judge forced Jefferson County to upgrade its outdated sewer system, officials decided to finance the project with bonds." Now, they did make a big mistake by taking out floating interest rate loans for the bonds but here's another big problem: "The sewage system was supposed to cost $300 million. However, since the project started in 1996, the costs have risen to $3.1 billion after various problems and a series of bond and derivatives deals fell through in 2008. Not surprisingly, a large amount of corruption was involved. JP Morgan Securities and two of its former directors have been fined for trying to bribe to Jefferson County employees and politicians in a bid to win business financing for the sewer project. Six former Jefferson County commissioners have been found guilty of accepting bribes, along with 15 other state officials." Hopefull nothing remotely similar will happen here in little ol' KCMO with the new sewers we're supposed to be getting. Here's hoping. Enjoy your weekend, y'all. Link to original article: http://news.yahoo.com/alabama-residents-furious-over-rate-increases-let-stuff-202403568.html