More Transit Spending, Less Urban Growth
Source: Randal O'Toole, "Transit Spending Slows Urban Growth," Cato Institute, November 6, 2013.
November 21, 2013
Contrary to the claims of many transit advocates, regions that spend more money on transit seem to grow slower than regions that spend less, says Randal O'Toole, a Cato Institute senior fellow.
Results that support this finding:
Results that support this finding:
- The stiff taxes required by urban areas that spend heavily on transit represent a burden to consumers and businesses, and seem likely to contribute to a slowing of economic growth.
- Regions that spent more on transit capital improvements in the 1990s tended to grow slower in the 2000s than regions that spent less.
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