'Peoria's new water franchise agreement has the makings of a boondoggle'

Read the latest on The Peoria Pundit:

It seems like taxpayers are giving up a lot (their right to buy the water company every five years), while the water company is gaining a lot (the ability to NOT have to fight off a buy out over five years). But residents are getting a perky new “tax” in the form of higher water bills. I’m trying to figure out how taxpayers benefit at all.