Measure RR continues to raise big bucks from special interests who stand to gain financially if the BART bond passes, including a long list of consultants, contractors, engineers, and labor unions.
According to the Alameda County Registrar of Voters, the "Committee to Keep BART Safe and Reliable 2016" has raised more than $1.3 million to date.
A lot of the money even comes from out-of-state from places like Texas and Colorado. Why do out-of-state folks care about BART? Good question, follow the money.
Major donors include B&C Transit Inc. ($45,000), CP V JLS, LLC and CP V Walnut LLC (Denver, CO, $240,000), HNTB Corp. (Kansas City, MO, $40,000), and Parsons Corp. (Washington, DC, $49,000), among the long list. (see Excel file below, highlighted tabs or visit: http://nf4.netfile.com/pub2/Default.aspx?aid=COA&Aspx
The Committee has spent $227,000 to date on political consultants including the Democracy Engine, Peter Meyers, and the Henry Levy Group.
East Bay Times Columnist Dan Borenstein has uncovered that as much as $1.2 billion of the $3.5 billion BART bond can be used to cover ongoing labor cost overruns, including pay, pension and benefit costs.
A recent East Bay Times editorial urges voters to rejected the bond because so much of the money will be wasted on exorbitant labor costs and do nothing to help put the district back on long term financial footing.
Borenstein also found that taxpayers in Alameda, Contra Costa and San Francisco counties could be on the hook for more than four times the stated costs. Article Link: http://www.eastbaytimes.com/2016/09/08/borenstein-bart-tax-could-quadruple-original-claim/
The Kersten Institute has produced some recent analyses that are available here:
State Senator Glazer Deserves Praise for Opposing $3.5 Billion BART Bond, Unchecked Labor Costs "On Track" to Require Massive Public Subsidies in Future Years
An Excel file is available below which provides the data on the committee's financial reports, check out the highlighted tabs, or visit this link for the original data and reports: http://nf4.netfile.com/pub2/Default.aspx?aid=COA&Aspx
Search by Committee name, listed above.
David Kersten is the president of the Kersten Institute for Governance and Public Policy. Kersten served an expert financial consultant in the 2013 BART negotiations and mediation. He has also signed the ballot argument against Measure RR for Alameda County.
SEE ATTACHED FILES BELOW
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