Yet another bond proposal. This one would raise $980 million in bonds to help children’s hospitals. The downside is that it would cost taxpayers $2 billion per year over $30 years to repay the bonds.
The bonds would be used at msot of the children’s hospitals in the state. Proponents argue that children’s hospitals could use the money to expand and help more children. Opponents argue that the state is in debt, and that hundreds of millions from an earlier version of this proposition (Proposition 61) remain unspent.
Remember to vote on November 4th.