Precious Metals Forum

Go Back   Precious Metals Forum > Bunker Talk > STS

Like Tree3Likes
  • 1 Post By DoChenRollingBearing
  • 2 Post By rblong2us

Reply
 
LinkBack Thread Tools
Old 02-03-2016, 05:21 AM   #1
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Thumbs down 2013 PA GOP -passed highest gas tax in USA, they now discover they need more money

2013 PA GOP -passed highest gas tax in USA, they now discover they need more money



Pennsylvania will be about $6 billion short of being able to fund all the projects legislators promised their constituents during passage of Act 89, the transportation funding bill of 2013.

Secretary Leslie Richards will break the news to the Senate Transportation Committee when she testifies Tuesday, according to a copy of her testimony obtained by the Tribune-Review.

Pennsylvania's 12-year transportation plan covers about 2,800 projects at a cost of about $34 billion. But that exceeds the $28 billion in revenue projected to come in for that time frame.

“The Corbett administration over promised projects by at least $6 billion compared to projections of available revenue the next 12 years following Act 89,” Richards' testimony reads. “Absent a legislative solution, a number of these project(sic) may not advance in the next 12 years.”

Act 89, passed by legislative leaders in November 2013, raised PennDOT fees and opened up fuel prices to tax increases to get more money for state transportation projects. Its passage marked the pinnacle of Republican Gov. Tom Corbett's legislative accomplishments but stirred dissatisfaction among his base because of the increased taxes.

Corbett and his team lobbied for months. Among their efforts was a “Decade of Investment” website promoting what projects could be funded. The bill passed with bipartisan support.

Richard's testimony notes that the website included this caveat: “Obviously, the final list will depend upon the actual legislated revenue if a bill is passed and signed by the Governor.”

The State Transportation Commission in August 2014 approved the latest 12-year plan that outlines future projects. The list is available online via PennDOT's interactive map, which says which House and Senate districts the projects are in. The plan is updated every two years.

Richards maintains the funding situation is not a product of the current administration. Legislators, her testimony says, have come to her with concerns about why projects in their districts are not moving, which she says is a matter of funds.

“Governor Wolf and I are moving projects you and your constituents expect, within the resources we are given,” her testimony reads.

Steve Miskin, spokesman for the House Republicans, wasn't familiar with legislative concerns or Richards' testimony but said it sounded like “stereotypical” Democratic pleas.

“It's just the stereotypical Democratic response, ‘We want more money,' ” he said. “There's gonna be a lot of anger.”

Senate Minority Leader Jay Costa, D-Forest Hills, said he had not seen Richards' testimony but wasn't surprised to hear that funds could fall short compared to a wish list.

“We knew that back when the previous governor did his previous transportation plan,” Costa said.

Even Act 89, which would create $2.3 billion in new funds by its fifth year, wasn't the $3.2 billion recommended by the Transportation Funding Advisory Commission from 2011.

Choosing which projects to fund with revenues available ought to be a matter of what is a safety priority, Costa said.

“You have to make sure they are fixing those roads that are the most in need of repair,” he said, “That needs to be No. 1 priority.”

The hearing will focus on “the delay and delivery of transportation projects.” Representatives of the Pennsylvania Turnpike Commission, Associated Pennsylvania Constructions, America Council of Engineering Companies of Pennsylvania, the Public Utility Commission, the Department of Environmental Protection and numerous representatives from the utility industry are expected to attend.

Melissa Daniels is a Tribune-Review staff writer. Reach her at 412-380-8511 or mdaniels@tribweb.com.

Subscribe today! Click here for our subscription offers.
Penn is offline   Reply With Quote
Old 02-03-2016, 07:25 AM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 6,978
Liked: 2437 times
What a horribly politically partisan article. The most salient point about this:
Originally Posted by Penn View Post:
...
Act 89, passed by legislative leaders in November 2013, raised PennDOT fees and opened up fuel prices to tax increases to get more money for state transportation projects. ...
was not full explained. Would be real interesting to see what revenue projections were when the bill was passed and what assumptions were in place for the economic activity underlying the PennDOT FEES and fuel taxes. I doubt many economists or politicians in 2013 forsaw our current economic environment.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 02-05-2016, 09:27 PM   #3
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
...

Irrespective of the merits (demerits?) of the tax hike, that is a perfect example of why the people (or conservatives anyway) feel betrayed by the Republicans. They promised to stop ObamaCare once they won the House (they won the House in 2010 I believe). The R-Team did nothing vs. ObamaCare.

They then begged the voters to vote them into a Senate majority. The voters did. So what did the R-Teamers do? Nothing. Roll over. Again.

THIS is why Americans are so pissed at the RINO Republicans. They lied to us and did ZIP. Trump offers us an Angry Dude who says He Will Do Something (esp. The Wall). We will have to see if he wins the nomination, and then beats Shillary first. Then we will finally see.

* * *

Too bad Peru is now in fairly deep shit (first time in years they are regressing). The decline of China has hit them hard, and only very corrupt people are running for the upcoming Peruvian presidency.

*Sigh* No good Plan Bs outside the USA anymore...........
Penn likes this.
DoChenRollingBearing is offline   Reply With Quote
Old 02-06-2016, 04:40 AM   #4
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,956
Liked: 869 times
Do Chen for Prez ?

Gold backed currency ?

Bankers to be retrained as eerrr anerobic digestate ?

Free bearings for all ?


Oh wait, not corrupt enough or Peruvian enough I suspect (-:
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 02-07-2016, 12:26 AM   #5
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
...

I would be a really shitty President. The worst ever for the USA. Dictatorial, vindictive, lazy. Don't even think about it...

Free bearings for all? Are you CRAZY? I would more likely impose a monopoly!

I would go along with your "Banker Solution" however... We might need the fuel...
DoChenRollingBearing is offline   Reply With Quote
Old 02-07-2016, 04:33 AM   #6
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
I am voting for trump
Penn is offline   Reply With Quote
Old 02-07-2016, 11:59 AM   #7
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,956
Liked: 869 times
Originally Posted by DoChenRollingBearing View Post:
...
Free bearings for all? Are you CRAZY? I would more likely impose a monopoly!
Don't be daft, the state would pay for all the bearings at hugely inflated prices.
You would have to ensure some hoops were in place for 'competitors' though.
You've got to stop thinking in terms of competitive free markets .

otherwise you're never gonna make a proper Prez .....

oh yeah thats what you just said




Whats Trump going to do for you Penn ?
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Charlie McGraph passed away he did vids Penn STS 2 01-17-2016 06:19 PM
Surprise! new highest PA gas tax, not 4 roads Penn STS 4 04-08-2015 09:02 PM
Got Gold Report's Gene Arensberg passed away PMBug STS 1 02-08-2015 06:23 PM
Money supply / Money velocity / Inflation relationship benjamen Fiat Ponzi 5 12-23-2013 02:11 PM
Brazil Boosts Gold Reserves to the Highest in More Than 11 Years Jay Gold Bug 2 11-24-2012 03:52 PM


All times are GMT -5. The time now is 10:25 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.