alt Hacker News> Toll roads are primarily, originally funded through tax dollars
This is untrue of all the toll roads I've regularly driven in multiple cities in the US. Their construction was funded through bonds which are paid back from the toll revenues.
> Toll roads are primarily, originally funded through tax dollars
This is untrue of all the toll roads I've regularly driven in multiple cities in the US. Their construction was funded through bonds which are paid back from the toll revenues.
why did you ignore my other statements that expressly address this "viewpoint."
The bonds are issued either by the authority itself or some other agency expressly delegated to issue those bonds.
The accounting is done EXPRESSLY with the knowledge of the states general fund, even though there's a "wink wink" don't use the tax dollars to """directly""" pay for these bonds.
Don't believe me? Look at the financial reports yourself.
There is zero point in the fuzzy accounting other than to make something that simply should be public, private, and allow grifters to make a buck or two off it.
In EVERY CASE of a failed toll road the major bond holders have all been made whole through the state directly or indirectly.
If you have the money, investing in a toll road is the easiest way to make lots of money with 0 risk.
But you can only do that if the entity issues those bonds "knows" and "selects" you. :)