Funding Transportation With Baloney
We’re in trouble! Virginia’s Secretary of Transportation Sean Connaughton told the Charlottesville Regional Chamber of Commerce that the McDonnell administration “will seek to find new revenue sources to pay for projects. These could include state royalties from off-shore drilling, as well as money from Governor McDonnell’s plan to privatize ABC stores.” (Source: Charlottesville Tomorrow)
If (and that’s a big if) the Feds were to share revenue from drilling with coastal states, it would be ten years before that money would be realized. Some think money would come immediately from the investment into drilling infrastructure from Big Oil (refineries, pipelines, etc.). Ummmm…. no. If Virginia is to a point where rigs are allowed off its coast (a regulatory process that’s also years in the making) so too are rigs allowed off the rest of the Atlantic coast’s states. Big Oil’s not interested in Virginia. There’s too little oil off our coast.
Privatization of alcohol sales conversely are a potential shot in the arm for transportation. From Tim Hughes, Washington Business Journal:
“The governor has estimated a one-time windfall from the sale of $300 million to $500 million … compared to $231 million in annual profits and taxes garnered on gross sales of $675 million. The loss of these profits makes no sense unless Virginians can expect huge increases in alcohol prices to cover new licensing fees imposed to replace these profits.”
I work from home and my husband’s employer for the last couple years has had the knack for picking up jobs in the nearby Croatan area. In other words, our jobs aren’t dependent on having to get anywhere in Hampton Roads on time. I feel so sorry for the thousands that do however. It’s one thing to deal with the traffic stress let alone the stress of knowing those in a position to possibly fix the situation are total stinking idiots.
Area bloggers were invited to a private meeting with new HRT director Phil Shucet. I found myself quickly bored with the discussion that got almost exclusively mired in the ugly details (cost over-runs, who was going to pay for Virginia Beach’s study, embezzlement, “culture of fear”).
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