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Joe Boardman at the Midwest HSR Association
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<p>[quote user="oltmannd"]</p> <p>[quote user="Sam1"]Unless he means 12 cents is the amount that most be recovered from the taxpayers.[/quote]</p> <p>That is exactly it. The 88% is the <em>operating costs</em> recovered from all sources of revenue including payment from states. [/quote]</p> <p>One of the problems that I have with Boardman, as well as some other advocates of passenger rail, is his tendency to cherry pick numbers. He consistently ignores depreciation, interest, and miscellaneous items, as if somehow they don't count. Yet Amtrak's financial statements include these items in its Consolidated Statement of Operation. </p> <p>The 12.8 cents for the long distance trains is per seat mile. But the seats don't pay the fares and, therefore, don't represent the gap between what the customer pays and what it costs to transport him or her on a long distance train. That number for 2012 was 20.5 cents per passenger mile. And that is before depreciation, interest, and miscellaneous items.</p>
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