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Carmageddon: As transit project costs soar, RTC mulls borrowing against Measure D tax revenue
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Carmageddon: As transit project costs soar, RTC mulls borrowing against Measure D tax revenue
As major transportation projects continue to go over budget, the Santa Cruz County Regional Transportation Commission (RTC) is considering borrowing against future Measure D tax revenues in order to speed up projects like the Coastal Rail Trail and the Highway 1 expansion.The RTC expects that it will need to borrow money within the next two years for money it has committed to spend on transportation projects. The agency has hired Berkeley-based …
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