I am so confused.
How in the heck can a project that is costing hundreds of millions of dollars more than it was supposed to cost be called “under budget?“
Is this that new math everyone is talking about?
Mr. Simmonds said the North Shore Connector was projected to add about $1 million to the authority’s operating costs (the authority has a $300 million-plus operating budget). With its chronic financial problems and imminent layoffs, the authority has scrapped plans to hire additional personnel for the subway extension, so its cost will be less than originally projected.
Sneaky. The building of it isn’t under budget. Once it’s up and running, OPERATING it will be under budget.
Talk about spin.
I’m dizzy from it.