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While listening to "News 10 at 11[PM]" on KXTV (an ABC affiliate) from 3/27/07 in Sacramento, (the capitol of) California, a story came on, reported as straight news, with one Jennifer Smith speaking, that, from the words alone, brought me to attention with a "_WHAAAAAAT_?"The essence of it is that a "Measure M" passed, authorizing $750 _Milliion_ dollars for new schools in a district, passing by a vote of 43-to-12. The total number of _eligible_ voters was 231. So my question is: _WHOSE_MONEY_IS_BEING_SPENT_? (ie: whose money will pay back those bonds, including interest, on $3/4 Billion). Clearly it's not only the 231 voters who'd pay it off, because even if it was a 50-year no-interest bond, it would cost each registered voter $60,000 per year, sans inflation.
Even if only one in 5 potential voters was registered, this would still be $12,000 per adult per year, and 50 years of no-interest, no inflation is unrealistic. More likely, it's "Taxation Without Representation".
Something's going on which smells of corruption. Who would one write about such a thing, either for public awareness _or_ for questioning its legality?
The story is transcribed, below:
"Voters in Sacramento County also approved some big money tonight -- they passed Measure M -- a 750 Million Dollar bond to build new schools in the Rancho Cordova Unified School District. Of the 231 registered voters in the area, only 55 actually cast a ballot. Measure M passed by a margin of 43 to 12."
- Lenny Gray -
