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town of Alton Illinois seen from river Alton, Illinois sold its wastewater system to Illinois American and used the entire $53.8 million to chip away at its $134 million in pension liabilities. (Photo: Shutterstock)

(Bloomberg) — As cities across the U.S. struggle under the weight of ballooning pension costs, some are putting their public water and sewer systems on the auction block to come up with cash.


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