Borrowing in Transit
Source: p. 387 of City of Madison 2024 Adopted Budget retrived from htpps://www.cityofmadison.com.finance/documents/budget/operating/adopted/Adopted2024.pdf on May 1, 2024. The past few years of pursuing federal funding has borne fruits in 2023. …This funding has been for Capital Budget projects, not Operating Budget. – (p.9 of MDOT’s 2023 Annual Report available at https://madison.legistar.com/View.ashx?M=F&ID=12785478&GUID=9747A550-CDA8-4AD1-BCFA-550167AEF761 ) Borrowing in Transit Susan De Vos | August 3, 2024 Introduction Public borrowing has changed dramatically in the last half century. Not so long ago, good money management meant proactive saving rather than borrowing. However, people increasingly found borrowing sensical when it provides investment returns many times the amount initially borrowed. Public transit on average has a return of $5 for every $1 invested. Since the early 1980s however, federal funding for transit in specific has been limited to c...