[Publius6961]

Proposition 84 carries the highest price yet: $5.4 billion in principal. The cost is more than $10 billion when interest on the 30-year bond is included.

I keep asking and looking, but no answers yet:

Does a matrix exist listing total California taxpayer liabilities for every and every year in the future up to and including 30 years?

These tax users think bonds are free money.

The newest and latest unfunded liabilities crisis we can look forward to!

[calcowgirl]

Does a matrix exist listing total California taxpayer liabilities for every and every year in the future up to and including 30 years?

I've never seen such a matrix, or the information included succinctly in any financial statement. I did collect the dollars associated with the bond initiatives on the upcoming ballot (from LAO reports). The total amount is $83 billion for principal and interest, requiring almost $3 billion of general fund spending each year--for the next 30 years.

$ in Billions
Prop       Bond Description                    Amount        P&I     Annual
Prop 1B    Highway/Traffic/Air/Port Bond      $19.900    $38.900    $1.300
Prop 1C    Housing/Emergency Shelter Bond       2.800      6.100     0.204
Prop 1D    Kindergarten-Univ School Bond       10.400     20.300     0.680
Prop 1E    Disaster/Flood Protection Bond       4.100      8.000     0.266
Prop 84    Water Quality/Park Bond              5.400     10.500     0.350
   Grand total                                $42.600    $83.800    $2.800