Friday, January 2, 2015

Pork Politics at TexRail

TexRail is a 27 mile commuter rail project being developed by the Fort Worth Transportation Authority that will operate on existing freight tracks.  Sound familiar?  The current cost estimate is $810 Million, other similar projects show that the costs will increase significantly by the time the first passenger pays their fare.  57.5% of the capital costs are funded by the Federal Government(our tax dollars) with the remainder funded by state and local government(more of our tax dollars).  Out of an estimated $75.8 Million dollar operating costs, the local and state taxpayers will have to fund approximately $67.5 Million, annually!  It is also projected that TexRail will not significantly reduce vehicle miles traveled per day. See all the gruesome details here. http://www.empowertexans.com/wp-content/uploads/2014/12/TexFail.pdf


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