Comment 26765

By A Smith (anonymous) | Posted September 29, 2008 at 16:09:55

Ryan, are you telling us that net government income (tax revenue minus outlays) will be higher as a result of increased economic activity resulting from building the LRT?

I doubt that this is the case, but lets assume that you are correct.

The government should then be willing to guarantee lower tax rates for the people of Hamilton, to offset the risk that the taxpayers are taking on. This will ensure that the politicians feel pressure that comes with investing other people's money.

If the LRT can generate real economic expansion, then lower tax rates will more than be offset with higher assessment values.

Another caveat is that once up and running, the LRT should be self funding and all operating costs should be covered by ridership / advertising.

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