Comment 57135

By arienc (registered) | Posted January 19, 2011 at 22:23:43

sbwoodside...the city doesn't exactly tell us what it spends on roads.

Based on the 2009 financial statement, the total book cost for 'Roads" in the city is $1.888 billion. $45 million was added to the cost account during the year, while total depreciation increased by $73 million. Note that depreciation is based on original cost, not current replacement value. In addition there is $11 million "under construction". So in terms of capital expenditures, it would appear the city recognized about $56 million for the year, which is less than the depreciation charges the city took against those roads.

The city also payed operating costs in 2009 of $326 million for "transportation services" including roads, and $234 million for "protection services" including enforcement of rules of the road. No breakdown of how much of those line items actually went to roads is available.

"First they built the road, then they built the town. That's why we're still driving around and around, and all we see. Are kids in buses. Longing to be free." - Wasted Hours, The Arcade Fire

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