That’s the estimate I came up with in the revised and quite enhanced version of HGS Research Note 5a. I’m using parameters estimated several years ago in a study of the Washington, DC, metropolitan area. Maybe the actual number here would be a lot more; I wish someone would do the analysis. This loss is expected to occur by 2014; further losses would follow.
If RTA really needs the funding, I estimate we could do it with a land tax that would cost the typical homeowner maybe $40/year, with renters essentially paying nothing. For $290/year, the homeowner could do away with all transit taxes, and fares too. No jobs would be lost; some would be gained.
By comparison, Chicago Metropolis 2020, in their surprisingly thoughtful study Time is Money, estimate that fully funding all the transit spending that RTA wants, plus some “smart growth” changes in land use arrangements, would add 22,307 jobs by 2020. They do not discuss how the funds would be obtained, although the study does note that a doubling of gasoline prices– which might be achieved thru taxation– would have great benefits for transit use.
One thought on “Transit funding will cost >80,000 jobs”
Well, this certainly sounds like the PERFECT job for SUPER GEORGISTS to do, doesn’t it?!? So, let’s get organized about this, and light a BIG, REALLY BIG, a HUGE, GIGANTIC fire under the CTA Board, and the so-called Chair, and President, both hand-picked by the MOST arrogant politician this side of earth!!! I Am Always Your Friend-In-Peace.