alt Hacker Newswhy 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. :)
> Look at the financial reports yourself
I have for the toll roads I drive on. It shows the debt payments being paid by the toll revenues, not other state taxes.
> In EVERY CASE of a failed toll road the major bond holders have all been made whole through the state directly or indirectly.
Sure, the toll agencies are ultimately a creature of the state but it's incorrect (a lie?) to argue it's funded primarily, originally through tax dollars, at least for the toll roads I drive on. What's the rate of these failures? What's the actual percentage of these bonds being paid by toll revenues versus failing and the states being on the hook? Once again you said it's primarily and originally. Being paid because the bond failed to be paid back by toll revenues isn't the original payment plan, and unless it's happening most of the time it's not the primary way of those bonds being paid.
> make something that simply should be public, private
The toll roads I'm talking about are public.
> address this "viewpoint."
This "viewpoint" is otherwise known as "reality".