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On Tue, Nov 23, 2004 at 01:20:19PM -0500, Jerry Feldman wrote: > On Tuesday 23 November 2004 1:08 pm, Seth Gordon wrote: > > As I understand it, when the Turnpike Authority was set up as an > > independent quasi-government agency, its charter provided that once it > > paid back all its bonds, the authority would be dissolved and control of > > its roads would go back to the Commonwealth. To prevent this from > > happening, the Authority keeps issuing more and more bonds for more > > expensive construction contracts. Since the legislature can't prevent > > the Authority from setting tolls as high as they want, investors are > > happy to keep buying those bonds. Yep. > I believe that this is correct. The issue that keeps being raised is that > the tolls support ongoing efforts to maintain the turnpike. We can go to > every other state that has a turnpike authority and you will get the same > answer. But if we get rid of the turnpike authorities, what have we > achieved. Just TA removed: A reduction in the beauracratic headcount for the state gov't A correlative reduction in benefits costs Tolls and both TA removed: A 90% reduction in the cost to maintain the pike. Reduced transit time on the highways Less gas wasted waiting at tolls I-90 becomes a safer highway (and Tobin, and ??? tolls to/from Airport) Safe/shorter rush hours for all Eastern Mass (maybe) > Note that the Big Dig was originally a Mass. Highway project that only > recently has become a turnpike authority project because of the funding. Yep. "Hey! Look! A goose that lays Golden Eggs! Lets get some!" (Governmental view of Turnpike Authority style institutions) -- Linux/Open Source. Your base belongs to you, free, forever. Idealism: "Realism applied over a longer time period" http://www.scaled.com/projects/tierone/ <a href=http://kinz.org>http://kinz.org</a> <a href=http://www.quotedb.com/quotes/2763> http://www.quotedb.com/quotes/2763</a> Jeff Kinz, Emergent Research, Hudson, MA. ~ ~ ~ ~
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