CA: Prop 3 – Children’s Hospital Bond Act of 2008

Proposition 3 asks of the California populace for permission to sell general obligation bonds up to $980 million in order to construct, expand, remodel, refurnish, and equip children hospitals. Seeing as how I just wrote a post to vote no on the animal cruelty proposition, it would be horrible for me to vote no on this one as well. But, I will be voting no. The reason?

On November 2004, voters passed Proposition 61 which sold $750 million worth of general obligation bonds for the same purpose. It has taken four years for roughly $400 million to be awarded to eligible hospitals. There is still $300 million sitting somewhere in the coffers collecting dust. Why do we need to add on another $980 million to the surplus when the state is already in debt? When they run out in three years, they can put this proposition back on the ballot.

One thought on “CA: Prop 3 – Children’s Hospital Bond Act of 2008

  1. Pingback: Fall 2008 Election Results | Frobie

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