'Paint Is Cheaper Than Rails': Why Congress Should Abolish New Starts (Policy Analysis 727) (Cato Policy Analysis) Book PDF, ePub eBook

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Book Descriptions:
The New Starts program has proven a failure and gives transit agencies incentives to build overly costly systems. Congress created the program in 1991, directing the Federal Transit Administration to ensure each grant be "justified based on a comprehensive review of its mobility improvements, environmental benefits, cost effectiveness, and operating efficiencies." In 2012, Congress added "congestion relief" and "economic development effects" to this list, but dropped "operating efficiencies." By any of these criteria, the program should be abolished. Urban transit funds should come from local, not federal, taxpayers. Until Congress is ready to stop funding transit, it should abolish New Starts and distribute all transit funds using formulas, the way most funds for highways and buses are distributed today.

'Paint Is Cheaper Than Rails': Why Congress Should Abolish New Starts (Policy Analysis 727) (Cato Policy Analysis) by Randal O'Toole

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