Posted by Jon Fleischman at 12:00 am on Oct 13, 2009 Comments Off on $9,300,000,000.00
SacBee’s Capitol Alert is reporting that the size of a
"comprehensive water solution" package is well over nine billion
(with a b) bucks. That is a lot of money – and a lot of
borrowing.
There are a lot of water-related policy aspects at play, and not
being a water policy expert, I will leave that to others to sort
through.
But I do have some concerns about the size of the package in
terms of raw dollars. It seems vastly expensive. I
guess the first question would be how much of that package is made
up of lease revenue bonds that SHOULD come to a vote of the people
but often don’t. The embarrassing approval of those
prison-bonds without voter approval comes to mind. There’s
been plenty of time since then to put them to a vote of the people
for ratification — but, I digress…
To keep me and those taxpayer advocates that I know from
opposing the "comprehensive water solution" on amount-of-spending
grounds, there is a very simple test that must be applied:
1. HOW MUCH INFRASTRUCTURE
DO WE NEED TO BUILD?
We need… Read More