Petition updateStop The Indianapolis Red Line Transit ProjectIBJ Mises Big Picture on Transit Referendum
CollegeAvenueIndy.org
17 May 2016
According to a recent article on StopTheRedLine.com, the authors of the Indy transit referendum claims that “the proposed tax increase would fund three rapid transit routes.” This is simply not possible because the revenues won’t cover the $390 price tag to build them. The IndyGo financial plan shows revenue forecasts of only $32m from property taxes and $54m from the referendum. This begs the question: How will the new transit tax cover $100m in operating costs AND $390m in construction costs?
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