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Originally Posted by TempleGuy1000
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Did you read any of your earlier linked news article?
Here's an important paragraph contained within,
"In his 2024 budget proposal, Shapiro pitched a 42% tax on daily gross revenue from skill games, which he estimated would yield about $150.4 million for the state in the next fiscal year, and grow thereafter. He also proposed a $1.5 billion increase in state funding for public transit over the next five years."
Do you know what $1.5 Billion divided by 5 years is? It's $300 million.
So a proposed tax that will generate $150 million per year is going to fully fund a $300 million per year expenditure. The expenditure is set in stone, but the proposed tax is not. It could collect more, it could collect less. Taxing something at 42% is most likely going to reduce the demand for that activity. They never consider any reverse consequences of their actions.
When politicians including governors fall 50% short of funding their pet projects, some wonder why that project is declined? Why?
They worded the press release in favor of the tax and expenditure in different ways, one per year and the other over 5 years. They think many of us are so stupid and lazy that we can't or won't do the math.
As for financing Septa far into the future, finding a dedicated funding source is a good idea. Additionally, raising fares to match inflation is also a good idea. Having a government that takes steps to reduce inflation is also a good idea. Then fares and taxes will not need to be raised as much.
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I get that this is a lot to manage but SEPTA could really knock it out of the park here and convert a lot of people to regular users but instead we get...this?! And having to physically go to a station to wait in line to buy a pass is ridiculous too. They said if you can't use it tomorrow it can be at another time so again, talk about a great opportunity to boost sales and future riders if they handled this differently.
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