Only in California could a TOLL road authority be bankrupt. Its almost as bad as the state off-track betting authority going bankrupt in New York City.
Something else Ca will subsidize.
Art Laffer was correct. Detroit is in pretty good shape compared to what’s coming down the pipe for most cities and states.
Just last week I read that the Massachusetts bay transit authority has a debt half as big as Detroit’s by itself.
Eight bucks *one way* — sixteen bucks round trip — during peak time ... and they wonder why no one uses it. Brilliant.
Just one domino of many
It’s California, it’s run by liberals, all they have to do is tax the people, whatever they need to pay the debt.
I mean it does seem the residents of California have no breaking point. /s
Just tax the cr*p out of private jets per mile. That should get the Hollywood lovelies attention.