4 ms·
It's in the linked Dallas News article: > County Commissioner Duncan Webb told business leaders at a forum Wednesday that the county will need $13 billion for
by secabeen 8y ago
It's in the linked Dallas News article:
> County Commissioner Duncan Webb told business leaders at a forum Wednesday that the county will need $13 billion for roads over the next three or four decades. Later Wednesday, former Commissioner Mark Reid, during a presentation to the Frisco Tea Party, said the figure is $12.6 billion.
So not malicious or misleading at all. ST is using the commissioners own numbers.
- Spooky23 8y agoSo is it 30 or 40 years? Constant or future dollars? Capital or operational spending? Local or Federal expense? It’s a dumb number to quote and was cherry picked to make a point. All local governments in New York combined spent around $3B in 2009 ( https://www.osc.state.ny.us/localgov/pubs/research/snapshot/highwayspending.pdf https://www.osc.state.ny.us/localgov/pubs/research/snapshot/... ) as a comparison.
- xyzzyz 8y ago$3B a year is $90B over 30 years, in constant dollars. Your point is?
- denormalfloat 8y agoUsing arithmetic average of $420 million a year is incorrect, because inflation is exponential. Conservatively estimating 2% inflation and holding all else equal, that comes out to about $312 million for year 1, $318m for year two, etc. This comes out to about $12.6 billion over 30 years. bmurray7jhu is right to call out this mistake, because TFA says $381m is the current yearly budget, which is actually enough to fund it. (other issues not withstanding). Messing this calculation up makes me question the rest of the TFA's integrity.