Thursday, January 18, 2007

Financing Our Transportation Improvements

It sounds like the General Assembly might actually allow this region to tax itself to pay for transportation improvements. Fortunately for me, I live about a mile outside the area they are proposing taxing.

The amount of taxes they are proposing is impressive. They have figured out how to squeeze out $209M per year, but say they need a total of $275M per year. All of this out of a population of about 1.5M people. $180 per person per year. For a period of not less than forever.

Lest that seem excessive, one of the easier projects, rebuilding US 460, is expected to cost not less than $1B.

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