> The article i link says they’re getting ~10B from the feds so they’d need a ~15% tax rate on their 3M people earning avg of 25K to pay for that. Thank god for them 25K income is so low that they only pay federal tax rate of ~12%.
Huh? That isn't how that works at all. Cities issue bonds to raise the cash to pay for large projects. Those bonds are paid down over time or not at all if they just pay interest w/ no principle. A 10B project for a metro this size is a pretty manageable expense.
In this case, it seems like the local politicians simply didn't know how to do that or want to as raising taxes might make it difficult to get reelected.
The solution they seem to have arrived at is: Wait until things get so bad that there is a humanitarian crisis and the Feds have to bail us out. Which they will, because we don't want people to suffer without clean water.
So now the rest of us are made suckers as federal taxpayers are on the hook for this mismanagement/scam.