Lansing Mayor Virg Bernero says it’s time to explore the possibility of selling the city-owned Board of Water and Light. Bernero has called on the city’s Financial Health Team to begin studying such a move. Current State talks to ex-Mayor David Hollister, who chairs the team, about the issue.
Lansing Mayor Virg Bernero says the time has come to explore the possibility of selling the city-owned Board of Water and Light.
According to a statement provided to Lansing City Pulse, Bernero views potential changes involving the BWL as “a way to address our long term liabilities.” However, he said any decision at this point, “would be premature.”
Bernero has been pre-occupied with the long-term fiscal health of the city for years. Lansing’s long-term budget deficit, estimated at $600 million, is comprised mainly of costly pension and health benefit obligations. He’s expressed concerns about potential bankruptcy.
Current State talks to former Mayor David Hollister, the man Bernero has tapped to lead the city's Financial Health Team.
