IN CASE YOU MISSED IT: Larry Stirling: Yes on Prop. 53 to stop blank check debt

SACRAMENTO, CA – Yesterday, the San Diego Union-Tribune published an opinion piece by Larry Stirling, a retired Superior Court judge and former member of the California state Assembly and Senate, advocating for Proposition 53. The measure would 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 increase transparency by ensuring the disclosure of the total cost of a project before the vote.

Read excerpts from Larry Stirling’s opinion piece, “Yes on Prop. 53 to stop blank check debt,” below:

“Proposition 53 will stop billions in revenue bond blank checks from being issued behind the backs of voters. It shines the light on the process and holds politicians accountable.

Opponents of Proposition 53 are the same special interests who support the status quo. These special interests and their lobbyist friends want to keep voters shut out of the process so they can easily fund their projects without giving voters a say…

Proposition 53 will empower voters by finally giving them a say on the state’s largest megaprojects that impact millions of Californians.”

Read the opinion piece on the San Diego Union-Tribune’s website here: http://www.sandiegouniontribune.com/opinion/commentary/sd-utbg-prop53-bonds-support-20161012-story.html

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.

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