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City leaders must finally address rail’s budget problem

The impasse between the House and Senate on how to capture more tax money for the City’s insatiable rail expenses is not a failure, but rather an opportunity for City leaders to pause and consider alternatives based on today’s reality. The First Law of Holes states: If you find yourself in a hole, stop digging! There is no doubt that rail spending is out of control. The cost of the project expanded from $5.2 billion in 2014 to nearly $10 billion less than two years later. By comparison, the entire City operating budget is $2.3 billion a year. Think about that for a moment. The currently projected cost of rail is greater than four years of every other City expense combined. That is now th

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