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August 21, 2014, 11:03 am
970 WMAY News

Houston Blames Plummeting Electricity Futures For Delay in Infrastructure Plan


Mayor Mike Houston has offered an explanation for the nearly two-year delay in presenting a plan to pay for Springfield’s infrastructure needs.

 

Houston promised such a plan during his campaign for mayor in 2011, but still hasn’t delivered the details to alderman.

 

Houston says he had a plan back then, based on the revenues from selling electricity on the futures market.

 

But after he took office, Houston says prices plunged, eliminating that as a revenue source.

 

Now the mayor is working on a combination of sewer fee increases and a sales tax hike to finance repairs, but still isn’t saying when he’ll provide the detailed plan to the city council.

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