Tyler Editorial on High Speed Rail. 7 Reasons to be a No with an assist from Rep. Metcalf

Tyler Morning Telegraph brings us the reasons why high speed rail will not work in Texas:

  1. “This is Texas.”
  2. no population density
  3. no job density
  4. Texans love independence
  5. Texans love trucks (and cars too)
  6. There is no infrastructure of rental cars, hotels, meeting venues near hgh speed rail
  7. Government bailout will be required (relying on Rep. Will Metcalf statements)

Tyler Morning Telegraph

New CEO at Texas Central Rail (Texas High Speed Rail Project) & Support from a libertarian leaning Senator

Tim Kieth is the new CEO at Texas Central Rail. He is:

  •  from Dallas
  • previously at RREEF/Deutsche Bank Infrastructure Investments, serving as global chief executive officer for 10 years

Texas Central Rail also garnered a $75 Million investment from:

  • John Kleinheinez
  • Drayton McClain
  • Jack Matthews

One notable supporter, Senator Don Huffines, breaking from other conservative Senators Like Kolkhorst, who filed bills this year to limit the rail’s eminent domain authority: 

Today’s…

El Paso Missing $20M in Transportation Funding

The case of the missing $20 Million of federal trasnportation dollars for El Paso:

The hub-bub? A claim “that the city lost more than $20 million in federal money for critical transportation projects through the Metropolitan Planning Organization due to errors on funding applications.”

The other side: The funds aren’t lost. We’ll correct our mistakes (deadlines not met, application problems), and get the money a little later. No biggie.

El Paso Times  KVIA

Local Gov. Trend: Transportation Funding

Seattle has a transportation funding crisis. The mayor has called for $930 million in additional funding. 

Two City Council members tried to counter the straight $930mllion levy on property taxes with a funding plan that included:

  • $600 M levy on property taxes
  • with a employee hours tax and a commercial parking tax

The move failed, but the creativity in the funding structure should be appreciated.

KUOW.ORG Seattle

Fund Transportation by Taxing Business Income Kept in Foreign Lands

Trying to find a solution for transportation funding, bipartisan U.S. Senators seek to tax foreign assets.

“Sen. Charles Schumer (D., N.Y.) and Rob Portman (R., Ohio), co-chairmen of a Senate Finance Committee working group on overhauling the international tax system, would impose a one-time tax on profits that multinational companies have stashed overseas at a rate lower than the current 35% U.S. corporate tax rate, according to a summary of its major provisions.”

WallStreet Journal

6 Republican Governors Broke No New tax Pledge for Transportation

With federal transportation funding overhauled stalled, many states this year raised taxes for transportation including:

  • Georgia (Republican Gov.)
  • Idaho (Republican Gov.)
  • Iowa (Republican Gov.)
  • Kentucky 
  •  Nebraska
  • North Carolina (Republican Gov.)
  • South Dakota (Republican Gov.)
  •  Utah (Republican Gov.)

What coalitions supported these tax increases? The peope trying to get to work.

  • business community
  •  the transportation industry
  • ordinary taxpayers
  • + a report on unsafe…

Lege Trend: No Tax Transportation Plan. 6 Funding Sources. 5 Policy Priorities.

California is facing a special legislative session on transportation. Republians have a plan to fix transportation funding without taxes by touting these principles:

  • Reform existing laws to get transportation projects moving quickly and at lower costs
  • eliminating redundancies
  • cutting through red tape
  • making a formal commitment to prioritize transportation
  •  without taking any money away from education or the Rainy Day Fund.

And, by using these funding sources for $6 billion in existing…