Prop 53: No Blank Checks

7.08.2016 | Initiatives

Ballot Title

Revenue Bonds. Statewide Voter Approval. Initiative Constitutional Amendment.

Objective Summary

No Blank Checks aims to close government loopholes that allow politicians to issue new revenue bond debt for projects over $2 billion. No Blank Checks will ensure that Californians have a right to vote on large government projects. This measure would force the government to approach voters about adding new, large programs. Voters will now have a say in all major state bond-funded projects that the state wishes to pursue.

Arguments For

“He [Dean Cortopassi] started looking at the state debt issues and how do we control the state debt. If Californians are expected to pay for projects of $2 billion or more, they ought to have a say on them. This gives Californians an opportunity to vote.” – Tom Ross, Campaign Spokesman

Arguments Against

“States that live by the initiative die by the initiative. Democracy does not necessarily imply everyone gets to vote on everything… at some point, decisions have to be final, as opposed to ‘Whoops, let’s have another review’.” – Richard Little, former director of the University of Southern California’ Keston Institute for Public Finance and Infrastructure Policy

Supporters Website

Opponents Website

Click to read the text of the initiative

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