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.

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