This is for those writers that think that CMTA might not really owe the City of Austin. When CMTA was reduced from a penny tax to a 3/4 cent tax for some strange reason the comptroller continued to write the checks for the entire penny tax revenue to CMTA. The 1/4 cent difference was to be paid to the City of Austin. Of course as time goes on and CMTA does not pay the debt this amount will continue to rise. This image was included to show that this was not just a conversation about what CMTA might give back to COA, and that is a real contract. In this context it does seem really strange that just a few weeks ago the Statesman reported how CMTA is actively approaching banks for million dollar loans to buy more trains. Ah. "legitimate transit related expenses as they say." Well, more about that soon.
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