Thursday, October 19, 2006

Proposition 1B (Transportation): NO

  • Proposition 1B Highway Safety, Traffic Reduction, Air Quality, and Port Security
    Should the state sell $19.9 billion in general obligation bonds to fund state and local transportation improvement projects to relieve congestion, improve movement of goods, improve air quality, and enhance safety and security of the transportation system?
I like the concepts in general, but $19.9 billion - whoo, that's quite a price tag given our state's current financial situation. Not only that, but it's got the dangerous "and we'll do it all without raising taxes!" argument due to being funded by a bond. It never ends up true, particularly with a bond of that magnitude, and we need to get our debt back in line.

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