Rail Reality: A One-Way Ticket to Higher Taxes

Check out Paul’s article today in NRO:

Fueled by oil and gas revenues that have been flowing into government coffers at a record pace, New Mexico has joined the nationwide rush to embrace expensive rail projects, with little regard for cost and even less consideration for utility.


Unfortunately, Rail Runner is just one of New Mexico’s rail boondoggles. Albuquerque’s city council recently adopted a plan that would build a $270 million “modern streetcar” system, with up to $135 million of that money being funneled into one small part of the city from all over the state.
Although Richardson has not formally committed state funding to the scheme, as a close ally of Albuquerque mayor Martin Chavez, he has committed to “being helpful in contributing to the project.” With Richardson, “help” usually comes in the form of a tall stack of taxpayer dollars.

Read the whole thing.