Will water and school bonds contend on November ballot?
LA School Report | June 19, 2014
Via KQED News | By John Meyers
The safe money, so to speak, in California politics for years has been that voters are usually happy to approve long-term government borrowing. In some ways, it has seemed like free money.
But in the post-recession era, where debt has become a political hot potato and the incumbent governor has made debt reduction his mantra, a statewide bond measure is a bit more of a dicey proposition.
That helps explain what could soon be a real dilemma under the Capitol dome in Sacramento: Can two multibillion-dollar bond plans, one for water and one for schools, both succeed on Nov. 4? Might voters see it as a choice of one or the other? Or, angry over the idea of big debt, reject both?
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