
$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