CHICAGO CONSIDERS PRIVATIZING WATER

CBS Chicago - Chicago is considering leasing its water system to help fix the budget. The new boss could charge whatever they want for water. . .

Could it happen here in Chicago? It already has nearby. Homer Glen in Will County relies on Lake Michigan water, but the supply comes from a German-owned firm. Locals say there's a lot more than water going down the drain. . .

Residents say rates are breaking the bank.

Homer Glen resident Lillie Gajda said her family has tried to cut back to offset high rates.

"Oh, we do everything -- we've changed out toilets, we've changed our showerheads, we've changed faucets, we've changed dishwashers," she said.

Mayor Jim Daley says residents pay about three times more than those in neighboring communities. . .

A trade publication says the [Chicago's] Department of Water Management is "considering a lease of its water and wastewater system.". . .