IN CASE YOU MISSED IT: Public CEO: “Voters Deserve the Right to Vote on California’s Long Term Debt”

Apr. 6, 2016 / Press Release /Stop Blank Checks

SACRAMENTO, CA – Yesterday, Public CEO published an op-ed by Sacramento County Supervisors Susan Peters and Patrick Kennedy.  Their piece sets the record straight on misinformation about the Stop Blank Checks initiative.

The initiative, by proponent Dean Cortopassi, would require a statewide vote for state revenue bond projects over $2 billion.  It expressly excludes, cities, counties, special districts, school districts and community college districts (see page 2 of the initiative).  TheStop Blank Checks initiative will appear on the November 2016 statewide ballot.

Read excerpts from the opinion piece, “Voters Deserve the Right to Vote on California’s Long Term Debt,” below:

“…As California’s long-term debt continues to spiral out of control – currently over $330 billion –many are concerned that state agencies and politicians are spending other people’s money too freely.  Many also believe that Californians should have a say in the debt that they and their children will have to pay.  We agree.

The Protect Your Right to Vote on Bonds initiative does not apply to local governments like cities, counties and special districts – not even school districts or community college districts. They are all specifically excluded.

We support the Protect Your Right to Vote on Bonds initiative because if voters have to pay, they should have a say.  It’s as simple as that.”

Read the opinion piece by Sacramento County Supervisors Susan Peters and Patrick Kennedy in its entirety here: http://www.publicceo.com/2016/04/voters-deserve-the-right-to-vote-on-californias-long-term-debt/

The Stop Blank Checks initiative (15-0003) 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 on the initiative, visit www.StopBlankChecks.com.

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