Posted on 05/12/2015 5:41:16 PM PDT by Roos_Girl
-——From what I understand, its pretty standard for public transportation systems to operate in the red with taxpayers covering the shortfall.-——
See that’s the rub....if local taxpayers want to invest in a losing project, that’s no skin off my nose, since they know upfront they will be “investing” (cough) for decades...
This rail line was funded by the Feds for 50% of the cost...and 25 % by the state of Florida
So 75 % of the initial cost was taken out of my pocket and I will never use the thing...
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