Comment 35016

By A Smith (anonymous) | Posted October 28, 2009 at 15:22:19

Ryan, if public transit is an engine for economic growth, then why are city revenues growing slower than transit funding?

From 2002 - 2008, transit funding grew 89.2% from 21,882,790 41,403,665, while tax revenue only grew 32.1%, from $477,072,305 to $630,065,330.

If transit funding pays for itself in new economic development, shouldn't assessment be growing faster than the money the city spends on transit?

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