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Scott Waguespack

Emanuel defends privatization guidelines

Emanuel defends privatization guidelines

Mayor Rahm Emanuel on Wednesday defended his proposal to add more steps before public assets can be privatized, saying it will help protect Chicagoans from another deal like the despised parking meter lease, even as critics argued the changes don't go far enough. Emanuel introduced an ordinance calling for public meetings, an independent financial review and an explanation of the benefits of proposed big-ticket privatizations before a City Council vote. Though the plan surfaced as Emanuel desperately seeks new sources of revenue to deal with the city's pension holes and budget shortfall, the mayor said he is not considering any plans to privatize or lease city services or assets....

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