How else can the state afford to rebuild the city's crumbling road infrastructure? Mike Lindblom has a strong piece today on the $2 billion financing hole to rebuild the 520 Bridge while the state simultaneously is reaching its limit for debt capacity:
There soon will be no money from gas taxes approved in the 2000s that isn't already spoken for by other projects or bond debt. The forecasts errantly assumed growth in gasoline use, which instead has gone nearly flat. As a result, long-term projects that leaders promised — such as Stevens Pass safety rebuilds and the redecking of worn I-5 through Seattle — are now underfunded.
Sustainable 520 release an excellent report on the state's abysmal financing projections (.pdf). Here's one of the graphs that shows the impacts 520 and the deep-bore tunnel on our debts and debt capacity:

The tolls on 520 won't be enough to pay the $2 billion we need. Even tolling I-90 may not be enough. Meanwhile we'll be working on the viaduct replacement and then we have to fix I-5... and these are just the projects near Seattle. The state doesn't have the money or the debt capacity for it. All of this suggests—to say nothing of what happens if these projects run over budget and the state needs more money—that the state needs some dough. Rep. Deb Eddy speculates in Lindblom's article that the legislature might raise transportation taxes without asking the public in a ballot measure. But Sustainable 520 leader Fran Conley says today, explaining her conversations with leaders in the legislature, "There is not going to be an appetite for taxes on transportation in the next few years." Indeed, voters may do the opposite this fall, passing Eyman's measure that handicaps the legislature's ability to raise taxes. And voters sure as hell don't seem keen on raising their taxes at the ballot.
So what do we do to fund the road projects?
Toll the shit out of this city's expressways. It should cost at least a $1 (maybe $2 or $3) to cross 520, I-90, I-5, the Aurora Bridge, and the West Seattle Bridge. Oh, people will stamp their feet and kvetch and ask why fixie-riding mustaches hate cars—but tolls are a source of revenue. That revenue comes from the folks who use those roads. And they won't solve our transportation funding problems, but they'll help. We could install tolls beginning this year and start collecting the dough by next year for road projects that benefit drivers. For the cars! Think of the cars! And then, if the legislature does get the gumption to raise taxes for transportation, there might actually be money for transit, bike lanes, and mustaches that ride fixies.
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@4) I'm all for a progressive income tax, too (which I've said many times 'round these parts). But I don't foresee the state legislature able to do that any time soon and I don't see I-1098, if it passes and doesn't get tied up in court, producing enough money to pay for all these road projects in the next few years. So progressive income tax = great for lots of stuff in the future. Tolls = great for urgent road projects.
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