Paying for the Metro
Friday, February 24, 2006 :::
There has been a large amount of wailing and gnashing of teeth over the House's refusal to allow NoVa to impose a 25 cent local sales tax hike to provide a "dedicated" source of revenue for the black hole (almost literally) that is the Metro system. Does Metro deserve a dedicated funding source? After reading this, what it needs is a thorough cleansing -- not more money.
Into this breach leaps the long-lost Addison, who proposes a couple of methods to have the system's users create the funding source. An interesting idea. An even better one would be if the true cost of each Metro ride was reflected in the fare riders pay. In this rather old piece from Michael Fumento, he says the actual cost of a ride on the Metro is $11.97...and them's 1992 dollars. You want to use Metro? Fine. Then be prepared to pay the real costs.
::: posted by Norman Leahy at 2/24/2006