Affordable Shelter Committee Meets Sept. 12 (Jackie Parnell)
Kakaako Development Progress (Jackie Parnell)
Will Honolulu Get Federal Funding? (Pearl Johnson)
Report on LWV National Council (Malia Schwartz)
How Will Tax Increase Affect Honolulu? (Charles Carole)
Will Honolulu Get Federal Funding?
The Federal Transit Authority measures the cost-effectiveness of a transit system by using a measure called "incremental cost per incremental hour of transportation system user benefits." That is, how much will it cost to service a passenger? The cost includes the annualized capital as well as operating costs. According to the Carolina Journal (6/11/04), a cost- effectiveness measure of $25 or more would substantially reduce the chance of getting federal funding. Let's press for the calculation of the cost-effectiveness measure for Honolulu's proposed rail transit system.
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