It’s Going to Be a Bumpy Ride
6th May 2015
Last December, Honolulu’s rail transit project was estimated to be $700 million over budget. Now they are saying it is closer to a billion. Never fear, however: the state legislature just agreed to extend a half-percent excise tax, which was supposed to expire in 2022, indefinitely to pay for the rail and its cost overruns.
My, what a surprise! Aren’t you surprised? I’m sure surprised.