THE EXAMINER’S MICHAEL REED has a nice story this week on METRO, its $2.6 billion bond plans, the general mobility trust fund (that does or does not exist as a coherent accounting line item, depending on which authority is trying to peddle which snake oil), and METRO’s apparent plans to start keeping general mobility funds after 2014 (despite the fact that voter approval will be required).
It’s the sort of informative story that hasn’t been done by the area’s newspaper of record, which prefers the role of METRO cheerleader (and METRO advertising outlet). We hope that Reed will continue to report on the state of METRO’s finances.
