Control finances |

Control finances

The Election Guide lists state bond debt at $105.6 billion. Bond debt for special districts is estimated at $350 billion. March election bonds total $27.7 billion. If passed, total debt becomes $483.3 billion. New bonds will be issued at near junk bond rates, probably in excess of 10 percent. The money to pay back this debt comes to an estimated $642.3 billion. There are no controls on spending bond money. Consequently, large amounts will be wasted. Perhaps we should get the state’s finances under control before going further into debt.

Thomas Crosswhite

Grass Valley

Support Local Journalism

Support Local Journalism

Readers around Grass Valley and Nevada County make The Union’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Your donation will help us continue to cover COVID-19 and our other vital local news.


Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


Alvin Blake: Strengthen our power grid


We must do more to strengthen our power grid against an electromagnetic pulse event. Such an event can result from an attack by terrorists or by another country (China may already have the capability) or…

See more