WURTZ: Feds data proves P3 legislation is not necessaryPosted by Tom Wurtz on February 17, 2015
The federal government has all the money it needs to rebuild the Brent Spence Bridge connecting Kentucky and Ohio. That’s not my opinion. It’s the facts recently released by the U.S. Department of the Treasury, Bureau of the Fiscal Service. The data is stunning and clearly establishes that public-private-partnership (P3) tolls agenda is not necessary.
Total receipts for December 2014 amounted to $335.3 billion. That’s an increase of $50.3 billion (17.65 percent) or 20 Brent Spence Bridge Projects over December 2013 receipts of $285 billion. It’s the highest December receipts in our history.
Total outlays for December 2014 amounted to $333.5 billion. That’s an increase of $101.7 billion (43.87 percent) or 41 Brent Spence Bridge Projects over December 2013 outlays of $231.8 billion. It’s also the highest December outlays in our history.
The Kentucky General Assembly is currently debating legislation to develop a public-private-partnership (P3) to permit tolls (tax increases) to build the Brent Spence Bridge Project. As illustrated above, the federal government has all the money they need to rebuild a federal bridge without punishing Kentuckians with more taxes (tolls). Enough!
The only question left is why so many politicians, business leaders and academic elites continue to peddle the false narrative that the federal government is broke. Their spending clearly states the opposite.
Please contact your state representative and state senator and urge them to vote no on P3 legislation.
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