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Waco taxpayers likely on the hook for debt on jail they were promised would pay for itself

Whenever private prison companies and their governmental champions try to convince the public it's possible to build a jail at no cost to the taxpayers by making it bigger and leasing out space, taxpayers need only point to the McLennan County Jail in Waco as a cautionary tale. Today the Waco Tribune Herald published a story titled "Jail bonds could cost taxpayers if county forced to repay $49 million," which opens:The county?s treasurer is concerned taxpayers could be forced to repay construction bonds on the new jail if the company hired to run it cannot. While the company that evaluates the credit risks of proposed bonds agrees with this view, confusion remains among county officials over whether the county will have to pay for a facility that was to be built at no cost to taxpayers...continue to full post

Full post as published by Grits for Breakfast on May 06, 2010 (boomark / email).