VACostCutting

Thursday, August 28, 2008

Privatization Paying Off in Indiana

From Reason's "Out of Control" Blog, we get this post on privatization efforts in Indiana, including the Indiana Toll Road lease and the positive impact those are having for the state.

Referencing Leonard Gilroy's article on the subject:

Without the toll road lease, these projects would likely have never materialized, or they would have necessitated tax increases to move forward. And Indiana has also earned over $360 million in interest on the upfront payment in just two years (over $185,000 per day, at current rates), which will be used to fund additional state and local transportation projects for decades.


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