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By A Smith (anonymous) | Posted October 29, 2009 at 14:58:07
JonC, thanks for correcting my "honest" mistake.
2002 Combined HSR + DARTS = $31,947,840
2002 Tax Revenue = $477,072,305
Transit as % of Tax Rev = 6.67%
2008 Combined HSR + DARTS = $31,947,840
2008 Tax Revenue = $630,065,330
Transit as % of Tax Rev = 6.54%
There you have it, overall transit spending as a % of tax revenues has gone down from 2002 to 2008, not risen, as I had suggested.
>> please enjoy my demolishing of his previous argument.....
My argument was that transit spending should be decreasing as a percentage of tax revenues if it does indeed create positive returns on investment. Looking at the corrected numbers from 2002-08, it would appear as if it does. This is a positive result.
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