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A bond measure worth considering, says editorial

Posted by: Maven on March 15, 2010 at 7:16 am

From the Inland Valley Daily Bulletin:

“This is not a great year to have an $11.1 billion water bond measure on the November ballot.

The economy is in the tank, the state’s fiscal condition is in the toilet, jobs are still being flushed – choose your watery metaphor. It’s a bad time to take on more debt and a lousy time to ask voters to approve a bond measure.

But this particular bond measure will need your full consideration over the next seven months. It’s important.

We don’t say that lightly. We wrote in an October 2004 editorial recommending no votes on that November’s bond measures that the state could no longer afford to borrow money. We’ve maintained that stance since, except for recommending a highway bond measure in 2006 (when we said no to four other bonds) because we deemed the highway work so important.

This water bond measure is much more important than the highway money because this one could stave off a disaster – an actual disaster. … “

Continue reading this editorial from the Inland Daily Bulletin by clicking here.

March 15, 2010 · Filed Under Legislation - State & Federal

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