Private Firm Would Jack Up Rates For Residents, Watchdogs Warn _________________________________________________________ If the parking meter deal put a bad taste in your mouth, try swallowing this: Chicago is considering leasing its water system to help fix the budget. The new boss could charge whatever they want for water, CBS 2's Roseanne Tellez reports. 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. It's a vital resource you can't live...