Jerry Brown overstates initiative’s impact in anti-Proposition 53 ad

Nov. 1, 2016 / News / Alexei Koseff / Sacramento Bee

“Like other opponents, Brown overstates the expected impact of Prop. 53. Though the effects he describes are real, they are far from the certainty that he suggests.

Prop. 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.”

Original Publication.

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