Sound Transit is, once again, revising the cost estimates on its latest $54 billion scam, Sound Transit 3 (ST3). Originally, the agency said that car owners pay a vehicle tax of about $203 a year, per adult.
ST3 imposes a tax of $80 per $10,000 vehicle value as well as the additional $25 per $100,000 property values and a sales-tax hike of a nickel per $10 spent.
Well, Sound Transit now says car owners will actually end up paying about $43 a year. The agency explains that the rather sizable shift is due to the fact that they assume drivers owned newer, more expensive cars than they actually do.
The revision is — to say the least — suspicious. One of the top complaints about ST3 is the added cost to working families. Now, all of a sudden, Sound Transit is touting a decrease in costs.
Still more suspicious is the fact that this is not the first cost “revision” Sound Transit officials have announced concerning ST3.
But, it’s not just the convenient decrease in costs to taxpayers that is worrisome about ST3. Considering all the “revisions” made by agency officials are quite sizable, one has to wonder, how much did Sound Transit think about ST3 before placing a $54 billion price tag on it and asking voters to pay for it?