SACRAMENTO, CA – Yesterday, the Sacramento Bee’s PoliGRAPH political fact checker rated the new No on Proposition 53 television ad starring Governor Brown “iffy.”
This is the third fact check by the Sacramento Bee calling opponents’ claims into question. The first fact check stated that Lieutenant Governor Gavin Newsom stretched the truth about the impact of Proposition 53. Last month, the Sacramento Bee rated a series of television ads by the opposition “iffy” and stated the campaign “overplays” the disaster card.
Proposition 53 would simply give voters more power by requiring a public vote for state megaprojects that use more than $2 billion in state revenue bonds. It would also ensure the disclosure of the total cost of a project before the vote.
Read excerpts from the Sacramento Bee fact check, “Jerry Brown overstates initiative’s impact in anti-Proposition 53 ad,” below:
“…Like other opponents, Brown overstates the expected impact of Proposition 53. Though the effects he describes are real, they are far from the certainty that he suggests.
Proposition 53 is unlikely to interfere significantly with local control over infrastructure projects, the traditional use for revenue bonds. It covers only projects “funded, owned, operated, or managed by the state” and exempts bonds issued by cities, counties, schools, community colleges and special districts.
Those entities sometimes partner with the state, through “joint powers authorities” or similar bodies, for financial assistance on projects that have only a regional focus. While the resulting ventures could be covered by Proposition 53, they are almost never financed with more than $2 billion of revenue bonds, which are repaid with user fees or other earnings from a project…”
Proposition 53 would require statewide voter approval for state revenue bond projects costing more than $2 billion, closing a loophole that allows politicians to issue massive new debt for multi-billion dollar projects without voter approval. For more information, visit: www.YESon53.com.