Detroit suburbs balk at spinning off water works to help city

Detroit suburbs balk at spinning off water works to help city | Crain's Detroit Business:
"Upgrading pipes, basins and pump stations may cost as much as $7 billion, said Gerald Poisson, chief deputy executive of Oakland County, which borders Detroit to the north and has a AAA rating from Standard & Poor's.

Suburban customers are leery, said Robert DiMella, co-head of MacKay Municipal Managers, which oversees about $7.5 billion of local debt, including Detroit water and sewer bonds, in Princeton, N.J.

"They don't want their rates to go up four- or five-fold just simply to bail out Detroit," DiMella said. 
"They want to know that if it gets refinanced, certain dollars don't go directly to Detroit to help their current cause, but it's used for maintenance.""