Quote:
Originally Posted by Giovoni
(EngiNerd all of my responses to your posts aren't to try to counter your points, all of which I agree with - they are mostly to hopefully put ideas out there that RTD can maybe catch or that we can use when we're trying to get our families and friends to vote on these things)
I think it's important to note that all of the people at RTD are taxpayers too. And I don't see how they have dug any hole for themselves. As you pointed out this IS the agency who had completed every other light rail project before this one on time and under budget. They didn't fire and replace everyone there, and I think they need to REALLY get that message out when/if they decide to put the additional tax on the ballot. I have my problems with RTD at Union Station(ish), but other than that I've been very impressed with every project I've ever watch them be involved with.
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That is very true...I meant dug a hole in terms of asking the voters for more money. People voted for it the first time because of the want/need to get some alternate transportation to commuting in the Metro area. However, now they have to really convince people that the shortfall was not their fault, and that this time around, if they are given another tax increase, they will get it right....which I think will be difficult for them to do.
And to the, the economic downturn is really not the big problem here...it hurts some of their revenues of course....but the big disparity in budget came from the construction materials skyrocketing...where the cost of the project went from $4.7b in 2004 to $7.9b in 2008, and now back down to $6.5b. That is where the budget shortfall came from. I am not saying they should have known this either though, no one knew that construction materials would inflate that much.
Look at the numbers in the budget press release, sales tax revenue annual growth is down 2.3% from what they estimated, and that just doesn't make that big of a dent...except for long term operations, it will definitely affect that. From the graphic below, if the const. costs remained at $4.7b, the shortfall would not be that overwhelming.
Anyone know how long the .4% tax increase runs? Is it permanent?