Should the state borrow two billion six hundred million dollars ($2,600,000,000) through the sale of general obligation bonds for development, restoration, and acquisition of state and local parks, recreation areas and historical resources, and for land, air, and water conservation programs?
To protect rivers, lakes, and streams to improve water quality and
ensure clean drinking water; to protect beaches and coastal areas
threatened by pollution; to improve air quality; to preserve open
space and farmland threatened by unplanned development; to
protect wildlife habitat; to restore historical and cultural resources;
to repair and improve the safety of state and neighborhood parks; the
state shall issue bonds totaling two billion six hundred million
dollars ($2,600,000,000) paid from existing funds. This program is
subject to an annual independent audit.
• State cost of about $4.3 billion over 25 years to pay off both the principal ($2.6 billion) and interest
($1.7 billion) costs on the bonds. Payments of about $172 million per year.
• Costs potentially in the tens of millions of dollars annually to state and local governments to operate
or maintain property bought or improved with these bond funds.
- A YES vote of this measure means:
- The state could sell $2.6
billion in bonds for natural
resources conservation, state
and local park acquisition and
improvement, and historical and
cultural resources preservation
purposes.
- A NO vote of this measure means:
- The state could not sell
$2.6 billion in bonds for these
purposes.
- Summary of Arguments FOR Proposition 40:
- YES on 40! Clean water, clean
air, and safe neighborhood parks
protect our health and safety.
Annual audits make this
measure accountable. Keep
California safe and beautiful,
and protect the quality of your
neighborhood. Supported by
Audubon Society, California
Organization of Police and
Sheriffs, and L.A. Chamber of
Commerce.
For more information, see full argument and rebuttal.
- Summary of Arguments AGAINST Proposition 40:
- California is facing huge budget
deficits which will result in cuts
in services, tax hikes, or both.
Now is not the time to go
another $2,600,000,000 into debt. The voters already approved $4,000,000,000 in bonds for water and parks in 2000. We must prioritize our spending in these uncertain
times.
For more information, see full argument and rebuttal.
- Contact FOR Proposition 40:
- Bryan Blum
Californians for Clean Water,
Clean Air, Coastal Protection,
and Safe Neighborhood Parks
926 J Street, #612;
Sacramento, CA 95814;
916-313-4539;
bblum@voteyeson40.org
http://www.voteyeson40.org/
- Contact AGAINST Proposition 40:
- Senator Ray Haynes
P.O. Box 51891;
Riverside, CA 92517;
909-698-2158;
http://www.hjta.org/
|
|
Official Information
Secretary of State
Legislative Analysts's Office
Nonpartisan Information
League of Women Voters
California Voter Foundation
Events
KQED-FM 88.5 Public Radio
News and Analysis
Fresno Bee
Redding Record Searchlight
Sacramento Bee
Ventura County Star
Links to sources outside of Smart Voter are provided for information only and do not imply endorsement.
|
League of Women Voters of California
