Like many other Sunnyslope water customers, I was surprised by
the 71- percent increase in my water bill and shocked to learn that
yearly increases are coming for the next three years. All of these
increases are related to paying off a $5 million bond issued two
years ago. Bond money is not free: It generally costs twice the
bond figure to retire the debt with interest over time.
Like many other Sunnyslope water customers, I was surprised by the 71- percent increase in my water bill and shocked to learn that yearly increases are coming for the next three years. All of these increases are related to paying off a $5 million bond issued two years ago. Bond money is not free: It generally costs twice the bond figure to retire the debt with interest over time.
If this local shock hurts you, just look at what is on the ballot three weeks from now. Prop. 55 wants $12.5 BILLION for the exact same things we approved $13 BILLION on Prop. 48 two years ago. Prop. 56 eliminates the two-thirds vote requirement that protects the taxpayers and Props 57 and 58 seek and additional $15 BILLION in bond debt, not to build any thing of lasting value, but simply pay the costs of irresponsible spending by Davis and his Democrats. If you think Prop. 58 offers you any protection, then you surely believe the town drunk when he says, “Just give me 15 more bottles of whiskey and I swear I’ll never touch another drop.”
Compared to the state’s wild borrowing, Measure E pales, seeking only $108 MILLION in more bonded debt for us locals.
I urge you all to vote NO on all these measures. Tear up the state’s credit card and force government to live within its means.
John C. Buchanan,
Hollister
