Wednesday, October 30, 2013

TNT Decries Council Politics with Utilities

The TNT reinforces its opposition to Prop. 1 in today’s editorial, noting several negative points for voters to consider.  City officials:

1)    “…developed with minimal input from the neighbors and many businesses it would impact”
2)    “…cavalierly suggested that Tacoma Power could swallow most or all of the additional 2 percent tax without passing this cost on to its ratepayers”
3)    "Or that Tacoma Power can dig into its reserves to keep rates down. (A very temporary fix.)”
4)    “…the utility’s credit can be downgraded – and ratepayers can wind up paying more when bonds are issued”

The TNT’s conclusion: “Tacomans ... shouldn’t be swayed by promises that they won’t have to pay for it.”

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