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Bad News Aplenty for Advocates of Gold-Plated 520 Bridge

January 2nd, 2011 · No Comments · 520 Bridge

What-me-worry-715605.jpgNot that the “What Me Worry” politicians will notice, but the march toward the inevitable, responsible, inexpensive rebuild-in-place scenario advocated by many (the one idea perpetually ignored by the politicians) seems to continue its progress.

Washington Policy Blog: Gas Tax Revenues “clearly overestimated”

Over the last few years, these forecasts had shown revenue was far less than previously thought; particularly in the area of gas tax collections, which greatly impacted the Nickel and TPA gas tax projects. State Transportation Revenue Craters

The Olympian: Appointed board can’t set tolls, fares, AG’s office says

The board that has set the price of road and bridge tolls and ferry fares no longer has the authority to set them, Attorney General Rob McKenna’s office says, siding with Tim Eyman.
Under the voter-approved, Eyman-backed Initiative 1053, those fees have to go through the Legislature, according to an informal opinion the Republican attorney general’s office issued Monday.

Chicago Tribune:
Amid predictions of defaults, municipal bonds look less safe

Investors are panicky about losing their money in municipal bonds and have been calling their financial advisers for assurances since a recent “60 Minutes” TV show predicted massive bond defaults by local governments over the next 12 months.


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