A couple of observations: my understanding of an "authority", at least at the local level is one that has the power to undertake public activities; the ability to enter into contracts; the right to sue and be sued; and the ability to collect taxes and determine a budget.
I got a post card in the mail today from "The Fund for Michigan Jobs", whoever they are, that said in bold letters, the bridge "WILL NOT cost Michigan taxpayers", and it will be paid for with "private not public funds." That does not square with statements in the Senate Fiscal agency's own analysis document. That analysis speaks extensively about public-private partnerships. It also states, "Any costs associated with the administration of eminent domain proceedings, professional fees, administrative costs, planning costs, or procurement costs related to a bridge project, or certain highway maintenance and repair costs, would be paid from the Department's existing State or Federal revenue."
Now, I may not be the sharpest knife in the pencil box, but aren't the taxpayers also known as the "public?" And, where does "state and federal revenue" come from? Wouldn't that be the taxpayers?
|Professor Gary Wolfram|
At the end of the day, would you rather "trust the government" or let a private owner take the risk to succeed or fail with his own money?
Senate Bill 410 could be up for a vote in the State Senate next week. Perhaps you should contact your state Senator and offer your opinion.