CA toll roads $1.7 billion in red ink
Texas is following the same model, though Governor Rick Perry is fond of comparing Texas as better than California in every way, his transportation policies are incurring massive taxpayer debt and they're building toll roads that will be in a sea of red ink for a generation or more!
California: Toll Roads Generate $1.7 Billion In Red Ink
Analysis shows two Southern California toll roads were unsustainable from the very beginning.
The Newspaper.com
April 12, 2013
The debt load accumulated by the toll roads in Orange County, California is unsustainable, according to a study released Tuesday by the Pacific Research Institute. Researchers Donna Arduin, former budget director for California Governor Arnold Schwarzenegger (R) and Wayne Winegarden, a senior fellow at PRI, examined the financial status of the publicly owned Foothill-Eastern Transportation Corridor Agency's 241 toll road and the San Joaquin Hills Transportation Corridor Agency's 73 toll road.
Advocates insist tolling is a superior transportation funding mechanism because it is based on the concept of "user fees" -- those who use the toll road are the ones who pay for it. This concept has gone out the window with the Transportation Corridor Agency (TCA) toll roads, which the report found use an estimated $1.7 billion in taxpayer subsidies. Worse, the roads are deeply in debt.
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