Los Angeles Times

Revenue bonds

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53 Question: Should voters approve bonds where the borrowing is paid back by user fees, not tax dollars? Money raised for “Yes” campaign: $5.8 million Money raised for “No” campaign: $11.7 million What you should know: Under this measure, any public works project where $2 billion or more is financed through revenue bonds — borrowed by the state but paid back by user fees — would require approval by voters in a statewide election. Water sparked this initiative. A wealthy Stockton farmer funded the effort to qualify this measure and hopes to force a future election on the financing for Brown’s ambitious Sacramento-San Joaquin River Delta water project.

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