Fastracks boon doggle, again…

When will people learn? From gutting Tabor, to referendum “C” the Independence Institute is becoming almost prophet like in getting things correct. As opposed to Colorado government, both Democrat and Republican.

I wish this wasn’t the case, because it’s not exactly enjoyable to be proven right at the expense of Colorado taxpayers. In 2004 I ran the David vs. Goliath campaign against RTD’s 67% tax increase called FasTracks. Goliath won. We said it was plainly obvious that it was going to be underfunded and over-cost. Read what we wrote back then. Of course the corporate welfare machine behind the tax increase, and Mayor Hickenlooper in front of it promised the impossible again.

But as Kevin Flynn of the Rocky Mountain News reports:

RTD conceded Friday that it cannot deliver the FasTracks program as promised to voters four years ago. The program, originally budgeted at $4.7 billion when voters approved a sales tax to support it, rose to $6.1 billion last year and is poised for a substantial increase next month during budget talks with the elected board.

This is an unfortunate situation where we taxpayers are in no situation to continue to fund this massive failure, while no mayor is willing to push the project back or cut lines in their district. At this point, everyone is looking for a viable solution. In addition to my suggestion to ask the voters to kill it, the Rocky gave some other possible solutions:

Strategies that will be discussed soon include some, all or a combination of these:
* Going beyond the original completion year of 2017.
* Trimming some project elements such as was done with the West Corridor light rail, the first FasTracks corridor to start construction.
* Shortening some of the planned lines.
* Privatizing the financing and construction of more than the two corridors now being privatized.
* Asking the legislature for permission to go to voters for additional taxes.You can bet that TaxTracks, as Ari Armstrong of FreeColorado.com calls it, will continue to dissapoint its supporters and demand more and more taxpayer money to stay afloat. Those options above are upsetting, no doubt, but fleecing our wallets continuously for another decade or so is even worse. I say we put it to another vote and let Coloradans decide if they have had enough.

SOURCE

Tags: , , , ,


%d bloggers like this: