Billions in New Bonds Should Not Escape Voter Appeal

By Jon Coupal at The Howard Jarvis Taxpayers Association

April 17, 2016

Former Speaker Willie Brown once said, “In the world of civic projects, the first budget is really just a down payment.” The strategy, he noted, was to start construction of a project quickly so it would be hard to stop once people learned of the real cost which, in many cases, could be many multiples of the initial price represented to citizens.

Constant cost overruns and a lack of accountability plague California’s infrastructure projects. Politicians casually throw “millions” and “billions” around like a game of monopoly, leaving hard-working families and future generations to pay the debt they so flippantly create.

Read more at The Howard Jarvis Taxpayers Association

 

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