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Tag: Jim McIntire

Jan.
28th

Don’t make example of Narrows toll payers

This editorial will appear in Friday’s print edition.

Come July 1, some drivers who cross the Tacoma Narrows bridge will be paying more to make the trip. The question is: How much more and to what aim?

State Treasurer Jim McIntire, being a numbers guy, would prefer to err on the conservative side.

He’s hoping to improve his chances of driving a bargain when he sells bonds for Seattle’s new Highway 520 bridge in a couple of years. He wants to impress investors with displays of the state flexing its tolling authority in the name of fiscal prudence.

McIntire’s suggestion has prompted a debate over the appropriate size of the bridge account’s reserves. Building a fat savings account is usually a good idea  – unless you’re padding it with money extracted from people who are struggling to pay their bills, much less save.

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