
Sound Transit’s latest financial plan is much more optimistic about a recovery in tax revenues than forecasts of a few months ago. But predictions of project delays have not improved so much. The more favorable revenue outlook is offset by operating cost pressures. Ahead of the ST3 realignment decisions next summer, staff are still talking in terms of a four to six year delay in projects depending on how revenue forecasts evolve.
As economic activity declined sharply in the early months of the COVID pandemic, Sound Transit hypothesized it might be in for an $8 billion to $12 billion reduction in tax revenues through 2041. That would translate to an average five-year delay in all projects not already in construction.
Continue reading “Sound Transit expects better revenue recovery, but still lengthy project delays”





