Saturday, September 30, 2006, 05:00 PM - Politics
California Prop 1B Highway Safety, Traffic Reduction, Air Quality, and Port Security Bond Act of 2006, which according to excerpts from the California Legislative Analyst's Office, authorizes the state to sell about $20 billion of general obligation bonds to fund transportation projects to relieve congestion, improve the movement of goods, improve air quality, and enhance the safety and security of the transportation system.
This measure sounds great at first, after all we all want to relieve traffic congestion, improve air quality and increase safety and security.
The problems comes in when we realize that this bond act will cost approximetly $40 billion to repay with payments at approximetyly $1.3 billion a year and we don't have the $1.3 billion extra with which to pay for this obligation.
Of this approximetly $40 billion a little over $20 billion will go to interest. Less than $1.5 billion of the obligation will go to improving safety and security, less than $1.2 billion will go to improving air quality, $2 billion will go to improve movement of goods on state highways and rail system, and in ports, $4 billion will go to public transportation, most of which, if things go as usual will be wasted and almost $11.3 billion will go to traffic congestion reduction and highway and local road improvements.
I have lived in California for over fourty years and during that time I have never seen a highway, freeway or road project that was done properly. No one at the State or local level ever seems to plan ahead. They start projects that by the time they are done are already obsolete and then they have to start all over. While they are working on these poorly planned projects, some of which take up to ten years to complete, traffic is worse than before and by the time they finish, the completed projects still can't handle the traffic. Additionally, the projects always cost more than is originally budgeted for, so more bonds have to be issued.
As far as I can tell, the only ones that benefit from these projects are the contractors and subcontractors that make huge profits overcharging for the work they claim to provide. How many times have you driven down the freeway or a highway and seen twenty or thirty 'workers' standing around doing nothing while two or three people are actually working.
I would not complain so much if the State was flush with money and already had the money set aside for these projects, however the State doesn't have the money and I hate to see the State go another $40 billion into debt in order to fill the wallets of a few, already rich, contractors just so that those contractors will owe some politicians and support them in their next election bid.
I say, vote no on this bond obligation.
David G. Hallstrom, Sr.
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