STILLWATER, Okla. —
To the editor:
The June 12, 2014 News Press opinion, “Power plant good for city,” was good and I agree with everything it said. I would emphasize the first part of the first line, “If all goes as planned.”
However, I believe the News Press missed an important “tell” signal from the city government when it comes to who will really benefit from this. When I suggested that any extra from GRDA above the bond payments, or Power Generation payments above the cost of production, should be used to replenish our rainy day fund, they instantly said “NO!” I would have settled for a massive decrease in utility rates.
You see, the city government and staff do not see this as good for beneficiaries of the SUA trust (us) as they are not interested in serving the TRUST.
They see it as more freight for the city manager Dan Galloway’s revenue train to fund bigger city government and bigger paychecks for the public unions that we now serve.
Article I, Paragraph 1, of the SUA public trust indenture clearly states, “The Trust is not organized for profit.”
It should serve to our benefit, not our detriment. Ultimately this is just more “excess funds” for the SUA to give away to the spendocrats on the City Council and their city staff. Didn’t you hear the chuckles from the audience when Dan Blankenship suggested it “might” result in lower electric rates?”
The trustees cannot be trusted to serve the SUA public trust. It is their mission this year to take nearly $20 million of public’s money from excess utility rates to add to the $55 million from sales tax and other revenue to fund city government. These generators will provide even more excess funds for city government in the future. We don’t benefit.
STILLWATER, Okla. —
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