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3/12/2009 By Ben Leave a Comment

Poor Timing of FasTracks Tax Announcement Only Tip of Iceberg

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...]

Filed Under: clean government, Colorado Politics, Energy, Fiscal Policy, General, PPC, RTD, transportation Tagged With: alternatives, benefits, collision, costs, deceptions, Denver Post, disproven claims, edition, encroachment, expansion, expensive, expert, FasTracks, headlines, higher costs, Independence Institute, inefficient, irony, jobless, land use, laughable timing, light-rail plan, majority, mayors, metro Denver, Metro Mayors Caucus, more, overpriced, Randal O'Toole, report, RTD, sales tax, skeptical, sorry, striking, support, surreal, tip of the iceberg, Titanic, transportation, unclean, unemployment, voters, weak economic conditions

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Ben DeGrow
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