Wednesday, September 06, 2006

Taxes Don't Work? Try Bonds

I posted on this subject a short time ago:

The money raised from the quarter cent sales tax increase in Sonoma County that was supposed to pay for their freeway upgrades turned out to be not nearly enough as ended up being needed. Construction costs have skyrocketed just in the last two years, sometimes up to over 80% more than originally projected.

I don't know what the answer is but I couldn't help but be skeptical with the editorial comment in today's Santa Rosa Press- Democrat suggesting voting for Prop 1B, this November, will help deal with the cost over- runs. I'm skeptical if only because bonds, with interest over their twenty year life, generally doubles taxpayer expenses in and of themselves.

Again: I don't know what the answer is.

2 Comments:

At 9:49 AM, Blogger Eric V. Kirk said...

In some ways, you can blame prop 13 for the bonded indebtedness. And the fact that throughout the 1980s and 90s we approved prison bonds over and over again so that we have the highest incarceration rate in the world, and it's still not "enough."

 
At 2:04 PM, Blogger Pogo said...

eric, do you own a complete up to date set of the California Codes and how much do they weigh? There are enough "crimes" in there to put every other Calif. resident over the age of 8 in jail or on probation and the state churns how many new ones each year? Let's face it; the public centers for indoctrination (schools?) churn out a steady stream of ignoramuses who vote for new bonds and idiot politicians.

 

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