Interesting perspective on Proposed Senate Bill 97 in your forward. My analysis is it is typical “fear mongering”. See discussion below.
Enclosed for your convenience is a copy of House Fiscal Legislative Analysis pertaining to Senate Bill 97. Permit me to comment on the Bill and ancillary issues pertaining to Public Private Partnerships (PPP’s) and infrastructure investment.
Senate Bill 97
The Bill authorizes the State and its various agencies to participate in Public Private Partnerships (PPPs) as a means to acquire private investment and management participation in state infrastructure projects. The objective of PPP’s is to facilitate private investment in infrastructure upgrades and repairs as a substitute for using taxation and state financed bonds as the sole remedy to pay for infrastructure needs. For example: The legislature raised the state taxes on fuels to pay for highway maintenance, construction and repairs, or alternatively, it could issue bonds secured by the State to be repaid with revenue either from the project (AKA TOLLS or USER FEES,) or increase taxes on the proletariat! Gas taxes or sales taxes.
As the Analysis confirms many states (other than Michigan) have now passed legislation authorizing their respective state agencies to enter into PPP’s as a basis to fund various transportation and other infrastructure needs (water and sewage). In the past I have referenced these projects as an alternative means to fund transportation and infrastructure needs in various letters to the media and others with copies to our relevant representatives.These copies are numbered and itemized below to refresh your memories. Several of the letters contain similar allegations and claims. My apologies for any redundancy. It is apparent the letters were of little interest to the recipients. So be it! It hasn’t been the first time. But, I digress. Mea Culpa!