In California’s capital of Sacramento, rapid transit has been in terrible shape, but not for lack of spending on management. As we noted, after hiring Mike Wiley as manager, the RT district plunged into financial distress, tapping reserve accounts to balance its budget and raising fares 10 percent. Though a major bust as transit…
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Last year an independent audit revealed that the City of Sacramento, California’s capital, had overpaid city retirees by $2.8 million. The overpayments, which had been going on since 2005, prompted the Sacramento Bee to editorialize that “a mistake can balloon into sizable money,” citing a $60 million gap between projected payouts and expected revenue…
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