CM reserves down to effectively nothing

Courtesy M1EK  Tue, 04/28/2009 - 8:10am

Cross-posted from the twitter which is about all I have time for right now:

Was there any doubt?

CM was being truthy about reserves/quarter-cent money: Statesman article ( also see: helpful chart ).

This happened, in short, because Capital Metro pursued a cheap rail plan that was so cheap the Feds didn't want any part of it (45M originally promised to voters from Feds now spent out of reserves) - then, a combination of typical...


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