, with leaders touting D.C. as the largest city in the country to provide free transit. The service was to be paid for by taxCouncil members had few funding qualms when they approved the service in unanimous votes. Excess revenue had become a reliable pool of money before the pandemic, with the District consistently overshooting annual budget projections by hundreds of millions of dollars because of rapid growth and escalating property values.
“With the downward revision of the February 2023 estimates, the funding criteria for the [Fare-Free Bus Funding Emergency] Act will not be met due to lack of sufficient excess recurring revenue,” Lee said in a letter Tuesday to Mendelson and Mayor Muriel E. Bowser .Mendelson, a sponsor of the bus program, said he met with Lee for a briefing on revenue estimates Tuesday, during which Lee did not mention the bus program.
Allen said Lee’s office has shown a pattern of “vastly underestimating” District revenue. In the 2022 fiscal year, Allen said, revenue was over $800 million above the finance office’s earlier projections. The city regularly had excess revenue before the pandemic.
DC Budget
Liberal logic
It shouldn’t need funding cause it’s free, or so modern monetary theorists have tried to tell me.
Nothing is free - Governments national and local have no money to fund anything other than what they raise in taxes from citizens of loans that citizens have to repay plus interest.
Hold up -- when the government says things are 'free,' someone still has to pay for it? No fucking way!!
Wait a minute....If it's free, why does it need funding? I'll wait for a response. Lol!
No way.
This is a surprise only in the lala land that is DC city council.
Attn: ClownWorld_
Who would have thought
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: KPRC2 - 🏆 80. / 68 Read more »