Cincinnati City Council at Finance Committee on Monday marched 6-2 (NO = Monzel + Winburn) off a cliff of debt, by voting to issue $64 million in bonds to build the trolley. The Enquirer reports on the foolhardy plan here.
Additionally, during a line of questioning initiated by Councilman Chris Monzel, the City Administration admitted they have no plan in place for operating costs of the system (Plan? We don’t need no stinkin’ plan!) but instead threw up some suggested resources that could be used to operate the trolley, including the farebox, advertising, trolley-stop sponsorships and -- get this – special assessments (new tax) on property owners.
Additionally, during a line of questioning initiated by Councilman Chris Monzel, the City Administration admitted they have no plan in place for operating costs of the system (Plan? We don’t need no stinkin’ plan!) but instead threw up some suggested resources that could be used to operate the trolley, including the farebox, advertising, trolley-stop sponsorships and -- get this – special assessments (new tax) on property owners.
As if in slow motion, Council is irretrieveably driving itself into deeper and deeper financial trouble, unable to break the cycle of debt that is gripping our City, State, and Nation. It’s like they're living in Candy Land and playing with Monopoly money. Taxpayers be damned.
The issuance of the bonds will voted on by the full Council this Wednesday, May 12 at 2:00 pm.
The issuance of the bonds will voted on by the full Council this Wednesday, May 12 at 2:00 pm.

