$1 billion error caused cash crunch
“This is screwed up,” said state Sen. Steve Ogden, R-Bryan, chairman of the Finance Committee, brandishing a revenue-and-expense table. “This is really bad. I heard your explanation. But based on the data, it doesn’t match.”
Who’sPlayin’ provided the snarky Cliff Notes version:
Ah, yes – simple explanation: My wife deposited the $1.1 BILLION check
into the account and wrote it in the checkbook, and then I wrote it in
the checkbook too. I wondered why I had so much damn money, but then I
said f*@K it, and spent all the money on lobbyists and TV commercials
for stupid shit.Very understandable mistake…. I’ll try to do better. Now gimme all
your money, or I’m gonna have to go pawn some of your shit.
The Eye on Williamson version:
Wrap-Up From Yesterday – Without Williamson, TxDOT Becomes Scapegoat
And then there’s McBlogger’s spin:
The TXDOT hearing… doodie aflyin’
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The simple fact is freeways cost much less to build and maintain than toll ways. This includes the unaccountable Gov. Perry scheme to toll the new express lanes on Austin highways – just to collect more revenue (These double tax tolls are paid for with $910 million tax dollars and tax funded right of way)..
Not only do the tolls cost more, but Billions of dollars will be paid by drivers over the next decades, AND MOST OF THE MONEY COLLECTED GOES TO TOLL ROAD SPECIAL INTERESTS.
For example, a TxDOT preliminary revenue analysis for the new 290E toll road shows the toll authority plans to take in $625 Million in the next 40 years.
And the revenue analysis states that 75% of that ($468 Million) is expected to go to collecting the tolls and other maintenance!
Sen. Kirk Watson is taking on TxDOT’s for it’s plans to privatize Austin freeway tolls – Watson is opposed to toll revenue going to private companies in spain.
But, Sen. Watson led the charge and voted for the Gov. Perry freeway toll scheme for Austin in October 2007. Apparently, it’s OK for those Billions of toll taxes to go to his special interest pals.
It doesn’t matter if it’s Spain taking our toll money or Sen. Kirk Watson’s special interest pals. Our families will still have to pay more if our public expressways are tolled.
The real question is, why is Sen. Watson helping to push a scheme created by Gov. Perry and Rep. Mike Krusee?
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