Hold Your Nose and Vote on Tuesday, June 3, 2014 - Dispatches from the Eccentric Frontier
14:28 ※ Hold Your Nose and Vote on Tuesday, June 3, 2014
Thanks as always for your comprehensive information gathering.
I am generally reluctant to vote Yes for bond measures. Too many of them propose to borrow funds to build or operate things whose lifetime is less than the term of the loan. It's ludicrous to spend 15 years paying for something we're only going to get 5 years of benefit from. For such short horizon benefits I'd rather see us "pay as we go".
In this particular election, though, I support both of the bond measures. Measure AA secures land and improvements that will provide value for a good long time. Proposition 41 would fail my test of spending much longer paying back loans (15 years) than it spends providing benefits (5 years) except that it doesn't actually authorize new bonds. It just amends a previously approved bond measure to broaden the array of benefits provided to veterans.