11/6/09

Sell the Pell Bridge or Raise Taxes?

Selling or leasing out state property is being seriously considered in light of the financial crisis facing the state. We could sell the Jamestown and Pell Bridges, for example, to a private company that would operate them for us. The Central Landfill is another example of an asset that the state doesn't have to own or operate - and in this cases anybody else would run it better than the previous crew that wasted $75million in taxpayer money over the past decade.

Selling off state properties: good or bad? If selling peoperties could raise enough money on an ongoing basis to offset a rise in taxes, wouldn't that be prefereable?

what do you think?

4 comments:

  1. Other states are doing it. As long as the state gets a fair deal and retains certain rights in safeguarding the public interest, it's better than jacking up taxes. I'm concerned that here in RI we may sell away assets like bridges and even the landfill, but taxes may still rise unless we cut spending. Boosting revenue will be easier than cutting spending.

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  2. A NOVEL IDEA...??..UNION WEB SITE STATES 70,343 ILLEGALS LIVE IN RI. WHO SUPPORTS THEM? WHAT JOBS HAVE THEY TAKEN? E-VERIFY PASSED THE HOUSE 3 TIMES. PIAVA "weed" BLOCKED A FLOOR VOTE 3 TIMES.

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  3. This may be a little off-topic, but the business professor at URI (Edward Mazze) who commented on the latest bleak forecast for RI's economy said one of the three reasons why we are in the mess we are in is lack of leadership. Carcieri is the poorest leader we've had in a long time. He is completely incompetent. And the General Assembly is equally bad. One of the other reasons Mazze cited is an unfriendly business climate. The third reason: a bad public school system that is not producing the kind of talented labor pool we need to attract business.

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  4. The City of Providence should consider selling Rogers Williams Park to a private operator. Not only would the city gain added revenue, the park itself would benefit from being freed from bureaucrats.

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