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Private enterprise will save a failed government transportation system. It will save jobs. This is a sytem that lost $30 million of tax dollars, and will soon lose another $30 million from State subsidies.
"Huge drops in revenue, ridership and state funding have devastated NCTD's finances, officials said. Over the past seven years, the district estimates it has lost $30 million in diverted State Transit Assistance funds it and other transit districts across California have regularly counted on. An additional $30 million in state funds could be withheld over the next three fiscal years for a district whose annual budget has hovered near $90 million in recent years."
Why does government run any transportation systems? A case could also be made that all doctors be government employees or that donuts shops be owned by government--and all would lose money.
Glad to see one small victory for the taxpayers. The State is still $20 billion in deficit this year and $25 billion next year.
What do you think, should businesses be run like businesses or like government?
More...
"Huge drops in revenue, ridership and state funding have devastated NCTD's finances, officials said. Over the past seven years, the district estimates it has lost $30 million in diverted State Transit Assistance funds it and other transit districts across California have regularly counted on. An additional $30 million in state funds could be withheld over the next three fiscal years for a district whose annual budget has hovered near $90 million in recent years."
Why does government run any transportation systems? A case could also be made that all doctors be government employees or that donuts shops be owned by government--and all would lose money.
Glad to see one small victory for the taxpayers. The State is still $20 billion in deficit this year and $25 billion next year.
What do you think, should businesses be run like businesses or like government?
More...