It's kind of surreal to find these two headlines in the same edition of the Denver Post: Colo. jobless at 21-year high: "The unemployment rate hasn't been this high since April 1988, when it was at 6.7 percent. It is also higher than the 6.3 percent rate reached during the depths of the dot-com bust from 2001 to 2003." Doubling FasTracks sales tax gets nod: "On Wednesday, a majority of the Metro Mayors Caucus tentatively approved a plan to salvage FasTracks by asking voters for another 0.4 percent sales tax. The mayors, hoping to see the entire $6.9 billion expansion finished by 2017, are gambling that voters will maintain support for the project despite higher costs and some of the weakest economic conditions in the past … [Read more...]
Complete Colorado: Mayors Asking for $2.25 Billion in Federal Pork Handouts
Complete Colorado is breaking a story about 10 different Colorado mayors requesting a total of $2.25 billion in federal pork. The biggest ask (go for the gusto, right?) comes from Colorado Springs at $1.25 billion. But the most interesting request hails from the People's Republic:The city of Boulder asked for $6 million to "...[p]rovide funding to convert 60 hybrid electric vehicles to Plug-in Hybrid Vehicles with Vehicle to Grid technology. The cars are part of the City of Boulder, Boulder County, and the University of Colorado fleets." The retrofit of each vehicle, therefore, would cost $100-thousand dollars a piece. I haven't seen a cost-benefit analysis, but how much is really gained by switching to the Plug-In Hybrid Electric … [Read more...]