COUNTY RAIL AUTHORITY: "There is $1.4 million left in the reserves, according to County Commissioner Matt Look, who chairs the rail authority. The biggest chunk of the budget and tax levy goes to the authority’s annual debt payment for the Northstar Commuter Rail project. That will be $2.07 million in 2016 – down from the $2.15 million paid in 2015. The rail authority refinanced the bonds earlier this year at a lower interest rate to reduce the debt payment, said Tim Yantos, rail authority executive director. There is also a decline in spending for professional services and corridor development planned in 2016, Yantos said."
Reporting, here. Two million a year, for that handful of riders? Get the broom.
