Proposition 51 - Add $1,400 To Your Credit Card Balance: NO. When Jerry Brown calls a measure fiscally irresponsible, well, my God! This $9 billion bond measure will cost $17.6 billion ($1,400 per household) to repay over the life of the loan. The bond is for local schools, and a big chunk of it is for routine maintenance. This violates basic principles of sound borrowing. First, statewide bonds should be for statewide purposes; local schools should be paid for with local bonds. Otherwise, we end up robbing Piedmont to pay Pasadena. Second, bonds should be for capital projects with a...