What do taxpayers get for spending one billion dollars through their public transportation agencies?
According to a new report by the American Public Transportation Association, 30,000 jobs (besides better public transportation).
That comes out to one new job for every $33,333 in spending. Not bad at all, as economic development projects go.
The rate of jobs to dollars goes up if operating dollars and not capital dollars are included.
We’re facing high unemployment. Public transportation is a good method to increase employment and should be compared to other job-creating investments (like corporate tax cuts, personal tax cuts, corporate incentives and highway construction). I suspect we’ll do much better on a cost-per-job basis.
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