Friday, June 20, 2008

George Knapp on Mulroy's Billions

George Knapp, writing in Las Vegas CityLife, noted that the SNWA has great gobs of money that could be used to balance the increasingly serious Nevada budget crisis. Knapp noted that the Captains of Industry and Government usually just apply Band-Aids to cover our regular crises in fiscal management:

If that's going to be the case once again, can they at least consider a different Band-Aid? What if they were told about a huge pile of public dollars just sitting around waiting to be spent? I'm talking about the overflowing warchest of the Southern Nevada Water Authority. I wrote about this once before and it generated nary a ripple. But now that nitty gritty time is upon us, maybe we can raise the subject one more time.
The water authority has a gigantic amount of money in its bank accounts. I'm sure the water folks will tell me why this ocean of moolah must remain off limits for anything but water projects, but why should this one government entity be the only one to be exempt from the pain everyone else is feeling?

There's some other great stuff in this long post focusing on the Water Grab, including references to the Mike Baughmann study from way back in 1990.

Full story here:

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