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	Comments on: Meet the new route, same as the old route	</title>
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	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		By: No Runny Eggs &#187; Blog Archive &#187; &#8220;Financing&#8221; the local portion of the commuter choo-choo		</title>
		<link>https://norunnyeggs.com/2006/11/meet-the-new-route-same-as-the-old-route/comment-page-1/#comment-29536</link>

		<dc:creator><![CDATA[No Runny Eggs &#187; Blog Archive &#187; &#8220;Financing&#8221; the local portion of the commuter choo-choo]]></dc:creator>
		<pubDate>Fri, 22 Dec 2006 14:13:09 +0000</pubDate>
		<guid isPermaLink="false">http://norunnyeggs.eggstor.com/?p=735#comment-29536</guid>

					<description><![CDATA[[...] The &#8220;geniuses&#8221; behind the KRM white elephant, er, commuter rail have a real wiener of an idea to finance this albatross: a 0.05% sales tax in Milwaukee, Racine and Kenosha Counties to provide $8 million per year. Let&#8217;s see; assuming their numbers are right (and they&#8217;ve been previously blown up), they start the project $157 million in the hole (assuming no additonal fed funding; the 90% fed funding they want would still leave them $23.7 million short) and have to make up $10.9 million per year in the difference between fares and operating costs. Oops; last time I checked, you can&#8217;t do that on $8 million/year, and that&#8217;s assuming the Craps&#8217; Department of Revenue coughs up all the money due this latest unelected taxing authority (something they have a problem with). Guess those &#8220;other funding options&#8221; will inevitably creep back into the mix. [...]]]></description>
			<content:encoded><![CDATA[<p>[&#8230;] The &#8220;geniuses&#8221; behind the KRM white elephant, er, commuter rail have a real wiener of an idea to finance this albatross: a 0.05% sales tax in Milwaukee, Racine and Kenosha Counties to provide $8 million per year. Let&#8217;s see; assuming their numbers are right (and they&#8217;ve been previously blown up), they start the project $157 million in the hole (assuming no additonal fed funding; the 90% fed funding they want would still leave them $23.7 million short) and have to make up $10.9 million per year in the difference between fares and operating costs. Oops; last time I checked, you can&#8217;t do that on $8 million/year, and that&#8217;s assuming the Craps&#8217; Department of Revenue coughs up all the money due this latest unelected taxing authority (something they have a problem with). Guess those &#8220;other funding options&#8221; will inevitably creep back into the mix. [&#8230;]</p>
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