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By A Smith (anonymous) | Posted October 27, 2009 at 16:19:24
Ryan >> We know that transit is a critical investment in urban infrastructure and a key part of what makes cities centres of innovation and generators of wealth.
If spending on public transit is such a great investment, why aren't city revenues growing as fast as transit spending is? If each dollar spent on public transit produces more than a dollar of new assessment growth, why has transit spending gone from 4.98% of the budget to 7.46% from 2002-08. If anything, the opposite should be true, transit spending as a percentage of the overall budget should be decreasing, since $1 of transit spending will always produce more than that in new assessment.
Ryan, could you help sort this out?
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