Advisers: BASA money could change Butler
Funds could be put in three categories
Butler soon could receive more than $100 million from the sale of Butler Area Sewer Authority to Pennsylvania American Water Company, and financial advisers from NexTier Wealth Management said that money could change the city.
NexTier representatives talked to Butler City Council on Thursday, March 23, about how Butler officials could make the most of its half of the pending $231.5 million sale of BASA, which is now being evaluated by the Pennsylvania Public Utilities Commission.
Will Baker, an adviser with NexTier, said the city could allocate the money into three categories, which are current, core and strategic.