Largest California bond measures approved over past four decades (all come within the past decade)

The largest bond measures approved by California voters since 1972 have all come within the past decade:

- Proposition 57, 2004: $15 billion for deficit financing, allowing the state to refinance its deficit and close future budget shortfalls.

- Proposition 55, 2004: $12.3 billion to pay for new school buildings and upgrade existing ones. K-12 schools were eligible for $10 million, while higher education received the rest.

- Proposition 50, 2002: $3.4 billion to fund water quality and safe drinking water projects, coastal protection and the CalFed Bay-Delta Program.

- Proposition 47, 2002: $13 billion to fund construction of public schools and colleges.

- Proposition 1A, 1998: $9.2 billion to build and remodel public schools, colleges and universities.

They ain't seen nothing yet!!!

CA: Senate closes in on bond ballot package - Lawmakers hope to put measures in November election
San Francisco Chronicle ^ | May 3, 2006 | Greg Lucas
Posted on 05/03/2006 2:33:29 PM PDT by calcowgirl

Sacramento -- Lawmakers may vote this week on a bond package of more than $35 billion to relieve highway congestion, build new schools and shore up the state's deteriorating levees.
Schwarzenegger called for an ambitious 10-year, $222 billion investment in public works in his January State of the State speech. Lawmakers earlier this year failed to reach an agreement on placing a bond measure on the June ballot.

Infrastructure: Big Bonds Deal Said Imminent

A late-starting drive by Governor Arnold Schwarzenegger to place some version of his Big Bang Bonds infrastructure package on the June ballot went through several permutations during a dramatic round of serial negotiations between the former action superstar and various legislative leaders before ultimately failing on March 15. The governor then urged legislative leaders in a “Big Five” meeting to go forth and make a deal among themselves. ...
The package which failed in March had turned into a “Christmas tree,” as one Republican put it, a $50 billion contraption loaded with projects that few members had had the opportunity to think through.
The new version, said by informed sources to be in the $30 billion range, features a more focused approach to a bonds package for November, including levee repair and flood management, school construction and modernization, and transportation projects. Other late emerging items in the failed package for June, such as dams and parks, are reportedly de-emphasized. Dams are a problem for Democrats, parks are a problem for Republicans.

35B? that's mighty conservative of them. what happen to pay'n'go.. come'n'went?

The details aren't public yet, but I think they just took a few items off the table (to be sought later). It's the same $18 Billion for Transporation so I assume it still includes the affordable housing, open space projects, inner-city rail, etc.

what's the current debt load, liabilities, obligations of the state?

BIG!

The governing class in California is out of control and far from republican. That elected officials from the Republican Party are part and parcel of the problem is outrageous.

I urge conservatives to take back the California Republican Party. The only viable way to do that is to destroy its effectiveness. Stop supporting Republican liberals. Stop voting for them! Let them eat cake during their concession speeches.

Target the liberals. Those include the governor, the Republican Assembly and Senate leaders and at least Able Maldonado. There are probably others (feel free to add their names) but these 4 liberals deserve to be turned out of office when their current terms expire.

Two election cycles under a socialist yoke is a small price to pay to stop the perpetuation of liberal principles.

Long story. Here's the short version:

During a period of confusion, a political pro with almost unlimited funding, hijacked a political party and fooled an electorate.

The process was smart, silky smooth and very effective. The California Republican Party fell prey because it was poorly managed, lacked effective leadership and was hijacked from within.

There are probably others (feel free to add their names)...

Steve Poizner is a lib, given an open field for the Republican nomination for California Insurance Commissioner. He's another one of those currently donating to the RNC, but who donated to Al Gore in 2000 and John Kerry in 2001. His first big California contributions went to pushing Prop 39, reducing the voter majority to 55% making it easier to pass school construction bonds. Oh yeah, and he donates to Abel Maldonado. Mostly, he likes to give to himself. He and his family spent over $6 million on his Assembly campaign--and he lost.

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