[taxabletalk] Russ: Proposition 12: Veterans' Bonds

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Posted by Russ:
Proposition 12: Veterans' Bonds
http://www.taxabletalk.com/posts/1224779951.shtml


   [1]Proposition 12 would issue $900 million in bonds to provide loans
   to California veterans to purchase homes and farms. It would cost $59
   million a year to repay the debt (for thirty years).
   Supporters say that the Cal-Vet Home Loan program has been a huge
   success; the measure was placed on the ballot by a unanimous vote in
   both the State Assembly and State Senate. Opponents say that the bond
   measure would cost the state money and the screening in the program
   needs to be tightened.
   That's the end of the propositions on the state ballot. Next week I'll
   look at Orange County Measure J and Irvine Measures R and S.

References

   1. http://www.voterguide.sos.ca.gov/title-sum/prop12-title-sum.htm