Borrowing has to be approved by voters. I'd vote "NO" because its too expensive and secondly they'll never put a dime of it to use to repair our state infrastructure. I hope Republicans kill it rather than allow a bad deal to go on the ballot. We're servicing a lot of debt right now and the politicians in Sacramento still haven't told us how they will pay for all these new bonds.
(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")
let's see if I understand how things work in Sacto:
Borrowing has to be approved by voters
but, deficit spending has no oversight