USDOT Rail Grants to Obligate Taxpayers

The US Department of Transportation has announced a competitive grant program to reallocate funding that was refused by Florida for a proposed high speed rail line from Tampa to Orlando. The line was cancelled by Governor Rick Scott because of the prospect for billions of dollars of unplanned obligations that could have become the responsibility of the state’s taxpayers.

The program would require taxpayers to fund cost overruns, operating subsidies and possible repay the federal grants if service levels are not maintained at a high enough level.

More at: http://www.newgeography.com/content/002122-usdot-rail-grants-obligate-taxpayers

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