However, I was struck by the City's recent announcement that "our" share of ownership in the plant would be reduced to 15%. So, I have a few questions:
- As best I understand it, SME (a semi-private corporation wholly owned by the City of Great Falls) was to kick in 25% of the construction costs for the coal plant. Will "our" share of the capital costs also be rolled back to 15%?
- If not, how can the city possibly justify paying one-fourth of the costs of an asset when we will only own less than one-sixth of it?
Someone please explain this to me. Does the term fiduciary responsibility mean anything?