Showing posts with label fiscal. Show all posts
Showing posts with label fiscal. Show all posts

Tuesday, April 16, 2019

Toll Roads Set to Expand in South Florida


There is a popular expression that states, "There is nothing new under the sun," and that is certainly true for toll roads; they have been around for nearly 3,000 years. Companies or individuals would build roads and then patrol them, collecting tolls to allow foot traffic, those on horseback, or those in wagons to continue to use them. This endeavor expanded to include toll gates as areas were built up into cities, market places, or other areas where people needed to travel. Here in the United States the first official toll road was the Philadelphia and Lancaster Turnpike which was built in Pennsylvania in the 1790s, but Florida's first, the Florida Turnpike, wasn't opened until the mid- to late 1950s.

Today, in keeping with the ancient idea of toll roads, there are now also toll bridges and toll tunnels. These are no longer private enterprises, but are run by state or local governments and used exclusively for automobiles. The funds that are garnered at these toll locations are used to either maintain the roads that are there already or to help fund new projects. Lately, it seems that these projects are arising with ever-increasing frequency along the East Coast, which is especially true here in Florida.

Ironically, the concept of increasing toll roads in South Florida was originated from Southern California in the 1980s. The planned increase of toll roads in South Florida can be credited almost exclusively to a single person. Bob Poole is an MIT engineering graduate, founder of the think tank Reason Foundation, and a former Los Angeles resident. Poole drafted a proposal in 1988 to designate one or two lanes of traffic that allowed drivers to pay a toll and travel more quickly. Sounds like a great idea when you consider the purpose of modern-day toll roads is to help move motorists from one point to another in the most efficient way possible. Once implemented in California, the idea became an instant success.

"People were suddenly able to go the speed limit on one of the most congested highways in the country," Poole said.

For the most part, this is a great idea; however, think about the massive influx of people into the state in the last 60 plus years. When you consider that this system of toll roads became widespread initially in an effort to more easily connect people in remote areas at a time when we didn't have the population we have now, it is easy to understand how bogged down toll roads can get these days. For a system that is designed to provide smooth, expedited travel, one accident or slow driver can gum up the whole works. This, however, is a minor snafu in the grand scheme of things and has not dissuaded the State of Florida from advanced planning of several more toll roads here. Currently, there are plans underway to add 169 miles of toll lanes to some of the state's largest cities. These projects are expected to last until at least 2021 and will be predominantly affecting Tampa, Orlando, Jacksonville, and of course, South Florida.

There is also the cost to consider; both the cost of construction and the cost of the toll. For many motorists who commute daily, toll roads can be a godsend, but the cost of tolls can vary widely. Many tolls are standard rates with a variance dependent upon the number of axles a vehicle has. Other tolls vary depending upon how much traffic is using the express lane at any given time. A toll can be as little as 50 cents or go up to as much as $10.50 depending on how much traffic is using it at the time - the greater the volume of traffic, the greater the cost of the toll. This seems acceptable to many drivers who would pay nearly whatever the cost to avoid the grind of trying to navigate through the immense traffic on South Florida roadways.

The upcoming toll lane projects are the result of state-funded reports produced by the Reason Foundation and are partially funded by toll lane developers. A slight shadow of impropriety overhangs these projects as Ananth Prasad, the Secretary of the Florida Department of Transportation, will be supervising these projects. Prasad formerly worked for one of the state's biggest toll lane builders which will receive billions of dollars from the toll lane projects which Prasad approved.

Once these projects are completed, they will result in the biggest infrastructure project in the history of the state. The cost of these projects seems to be a source of some debate, and it is difficult to get a handle on what the ultimate cost of this infrastructure construction will be. Many of the toll lanes will be funded through the use of bonds so over the course of the time that it will take to pay off those bonds, a $2 million project can easily become a $10 million bill.

Here are some of the upcoming toll road projects, along with their estimated costs and pending completion dates:

I-95 Express Lanes Phase 2
Cost: $112 million
Length: 14 miles
Scheduled to open: April 2015
Palmetto Express
Cost: $244 million
Length: 13 miles, from West Flagler Street to Northwest 154th Street in Miami
Scheduled to open: 2017
Homestead Extension of Florida's Turnpike
Cost: $186 million
Length: 18 miles, from Tallahassee Road to State Road 836
Scheduled to open: First phase, 2017; second phase, 2018
I-95 Express Lanes Phase 3
Cost: $901.6 million (estimate)
Length: 29 miles
Scheduled to open: A portion will open in 2019; the rest is to be determined
I-75 Express Lanes
Cost: $481 million
Length: 15 miles
Scheduled to open: 2019

As with any major construction project, the dates of completion as well as the cost to build them are arbitrary. There are always unforeseen costs and delays associated with projects on the scale of these.
Of course, there are many drivers who don't use local toll roads extensively and may be surprised to learn not only of the varying costs associated with the individual toll roads, but also the varying methods of payment expected. Often when a toll road novice approaches a toll booth, they will start digging around the car looking for change, only to be caught in an awkward position when they realize that some toll roads don't accept cash. Other toll roads use a transponder system such as the SunPass, or a toll-by-plate method, and others may use a combination of these methods of collection. The toll-by-plate program can often be more expensive because of the administrative costs involved.
The important thing to remember is that not paying a toll, regardless of the method, can result in a stringent fine and additional fines being incurred if not paid in a timely manner. This is true even if you are unaware of the infraction. As with other types of traffic tickets, sometimes court costs, points on your license, and a possible driver's license suspension may occur. Consequently, if you find yourself with an unpaid toll ticket, give us a call at 964-967-9888 for a free consultation. Hiring a traffic ticket attorney can help protect your driving record.

Article Source: https://EzineArticles.com/expert/Jason_Diamond/409673


Article Source: http://EzineArticles.com/8798966
 

Review of TOP 4 Automated Stock Trading Software

Isn't everybody's ideal job one in which they make money while they sleep so that the day is free to live life as you please?

Thanks to automated stock trading software I can now do whatever I want by day and by night because my stock portfolio is left in the hands of software running 100% on autopilot. Right now you're probably thinking I'm crazy to be trusting software with my money and I thought the idea was crazy until I tested it out for myself.

I scoured the internet for the last three years searching for the most profitable and reliable automated stock trading software I could find and created the list below to help others who are interested in making easy money.

I have tried and tested over 20 different software packages which claim 100% automation, some of them made me money, some of them lost me money and some of them would not even install properly on my computer.

The top 4 programs below are ordered by how much money I have made from the software (after subtracting the cost of the software itself), the amount of time it took to make me money and the reliability of the software i.e. the ratio of profitable share purchases to unprofitable.

NOTE: You can find the links to purchase each software package at the end of this article.

1. FAP Turbo


A Forex Robot That Is Capable Of Doubling Your Money Every Single Month

I was told in the instructions to "set and forget" and that's exactly what I did. I started small with just $100 in my account for the software to play with but after just 3 hours that $100 had turned itself into $118 and in just over 2 months my $100 had blossomed into just over $370 all by itself.

It has now been 5 months since I started using this software and it has just over 3000 trades with 92.4% of them being profitable, remarkable!

This software is 100% automated and absolutely no knowledge of stock trading is required. The software costs a one-off payment of $149 and is also backed by a 60 day 100% money back guarantee.

    Have been using for: 5 months
    Cost of software: $149
    Invested: $100
    Earned: $1,400+

2. Forex MegaDroid Robot

Turn $1 Into $4 In EVERY Market Condition

The Forex MegaDroid is one of the first pieces of software I tested. I have been using it for just over two-and-a-half years now. One of the biggest selling points for this software is its ability to turn a profit in any market condition. I can verify that this is totally true, in fact the market crash during the Global Economic Crisis was the most profitable time to be using this software. Up until the G.E.C. I had only made a small profit (somewhere between $50 and $60) but when the value of stocks plummeted all over the world this software knew exactly which shares to buy and hold on to until the market regained control.

This software has earned me between $900 and $950 since the G.E.C. and just like FAP Turbo this software is 100% automated and absolutely no knowledge of stock trading is required. The software costs a one-off payment of $97 and is also backed by a 60 day 100% money back guarantee.

    Have been using for: 19 months
    Cost of software: $97
    Invested: $100
    Earned: $1,000+

3. Forex Monster
Make a huge profit in a VOLATILE market

While FAP Turbo is designed with a steady market in mind and The Forex MegaDroid is designed to work in any market condition, the Forex Monster is designed specifically for use in volatile markets such as what we have experienced in 2009.

I purchased this software about a year ago and had it sitting on my computer for about 3 months when a friend of mine sent me a link to the website in an email with a note saying "now's the time to use this one". Stupidly, I forgot I had already purchased this program so I bought it a second time and started trading right away. While there is an option to do paper trading (trading without using real money) I took a gamble and gave the software $100 in my Forex account to play with.

In the 8 months I have been using this software that $100 has turned into $850 on autopilot.

    Have been using for: 8 months
    Cost of software: $67
    Invested: $100
    Earned: $850+

4. Stock Assault 2.0

This software can return 1,300% annually!

Stock Assault 2.0 has selected the most high-profiting shares compared to any other software I have used. This software is not 100% automated but it is 100% idiot-proof... it picks a share for you once every few days, tells you went to buy and when to sell but it is up to you to purchase the share through an online broker.

I have to say that after using Stock Assault 2.0 for 4 months I have acted upon 25 picks and ALL of them have been profitable. The only reason this scores 4 stars and not 5 is the fact that it's about 95% automated.

    Have been using for: 4 months
    Cost of software: $57
    Invested: $100
    Earned: $400+

By Jacob Thomas,
Active Day Trader

Article Source: https://EzineArticles.com/expert/Jacob_M_Thomas/379243


Singapore in Focus: Legal Issues, Environment, and Business News (October 7, 2024)

Singapore's news landscape today offers a mix of legal developments, environmental concerns, and business stories: Former Transport Mini...