Panel to Push Sales Tax to Cover D.C.-Area Transit System Gap

Sanchez, Humberto
December 2004
Bond Buyer;12/2/2004, Vol. 350 Issue 32021, p5
Trade Publication
The article reports that a blue-ribbon panel charged with analyzing and identifying dedicated funding sources for the national capital region's public transit system plans to recommend that a 0.28% regional sales tax be implemented to cover an estimated 10-year, $2.6 billion capital and operating funding gap. The 13-member panel met Tuesday night, at which time it was tentatively agreed by a majority to recommend that the dedicated tax be a sales tax. The panel, or a representative of it, is expected to present its draft recommendation today to the Washington Metropolitan Area Transit Authority's board, according to a transit authority spokesman.


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