Thursday, October 19, 2006

Proposition 1C (Housing, Emergency Shelter): NO

  • Proposition 1C Housing and Emergency Shelter Trust Fund Act of 2006
    Should the state sell $2.9 billion in general obligation bonds to fund housing for lower-income residents and development in urban areas near public transportation?

Almost $3 billion of bond debt ("without raising taxes!"). I need to research how true the need for and effectiveness of each of these are (more emergency shelters, more affordable homes for seniors/fosters, more social services for homeless), but my initial vote is No.

Update: This fellow's perspective solidies my stance some.

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