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Chester's state-appointed receiver is proposing to monetize the city's water assets as a strategy to address its bankruptcy-related fiscal shortfalls. The receiver's chief of staff emphasized that any transactions involving the water entities must ensure they remain publicly owned. This initiative is part of broader efforts by local governments to manage financial crises, which may include selling state-owned assets. In related news, Erie County is offering 'Bills Bonds' to finance a new stadium, while American Dream bondholders are set to receive payments on grant-backed debt.
