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LWV LEAGUE OF WOMEN VOTERS
Smart Voter
State of California March 7, 2000 Election
Proposition 16
Veterans’ Homes Bond Act of 2000

Bond Act

4,373,887 / 62.3% Yes votes ...... 2,644,643 / 37.7% No votes

See Also: Index of all Propositions

Information shown below: Summary | Yes/No Meaning | Official Information | Arguments |
Summary Prepared by the State Attorney General:
Fiscal Impact: This proposition would allow the state to sell $50 million in general obligation bonds to (1) replace $24 million in currently authorized lease-payment bonds for new veterans' homes and (2) provide $26 million in additional bonds for new or existing veterans' homes. This would result in a net state cost of about $33 million over 25 years, with costs of around $1 million per year.

Meaning of Voting Yes/No
A YES vote of this measure means:
The state could sell $50 million in general obligation bonds to (1) replace $24 million in currently authorized lease-payment bonds for veterans' homes and (2) provide $26 million in additional bond proceeds for veterans' homes.

A NO vote of this measure means:
The state could not sell $50 million in general obligation bonds for these purposes. The state could still use $24 million in currently authorized lease-payment bonds for veterans' homes.

Official Sources of Information
Arguments Submitted to the Secretary of State

Summary of Arguments FOR Proposition 16:
Proposition 16 provides $50 million to pay for retirement homes for United States military veterans who are California residents. No new taxes will be raised or collected to pay for these homes. Proposition 16 meets an important need for military personnel who served this nation with distinction.

Full Text of Argument In Favor, Rebuttal

Summary of Arguments AGAINST Proposition 16:
Bonds almost double the cost of government projects. This proposal would cost $50 million if paid from the state budget. Using bonds will cost taxpayers $90 million. It would cost less for veterans to stay at private retirement homes instead of constructing new buildings.

Full Text of Argument Against, Rebuttal

Contact FOR Proposition 16:
Senator Joe Dunn
Friends of California Veterans
604 So. Harbor
P. O. Box 27551 Santa Ana, CA 92799
(916) 441-4759
prop16@vetbond.com
http://www.vetbond.com

Contact AGAINST Proposition 16:
Ted Brown
Libertarian Party of California
(626) 614-0630
tebrown@earthlink.net
http://www.ca.lp.org/bonds.html

  Official Information

Secretary of State

Nonpartisan Information

Easy Reading Voter Guide

League of Women Voters California Voter Foundation Secretary of State FAQVoter.com News and Analysis

Los Angeles Times

Palm Springs Desert Sun Torrance Daily Breeze Sacramento Bee
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Created: April 13, 2000 02:35
Smart Voter 2000 <http://www.smartvoter.org/>
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