Nothing that is promised in the law authorizing the bond is worth the paper it is written on.

At your request: This week's California Commentary by Jon Coupal
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** California Commentary
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** Court approves lying to voters to pass bonds
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By Jon Coupal

If ever voters needed a reason to vote no on every single bond measure that appears on the ballot, here it is: The Court of Appeal for Third Appellate District just ruled that, despite all the lies voters were told about California’s infamous High-Speed Rail project, taxpayers have no remedy, even though the project as it exists today bears no relation to what voters were told when they approved the $9.9 billion bond in 2008.

Californians were promised a super-fast train that would travel between Los Angeles and San Francisco in about two and a half hours; the ticket price would be about $50; the total cost of the high-speed rail would be about $40 billion; and there would be significant private-sector support –money from investors — to build the project.

Even before the 2008 vote, transportation experts were warning that the project would become a massive black hole into which California taxpayers would be committed to pouring hundreds of billions of dollars. In fact, a 2008 study sponsored by the Reason Foundation and the Howard Jarvis Taxpayers Foundation predicted that the promised total cost of $45 billion would quickly turn into $100 billion or more, stating that “There are no genuine financial projections that indicate there will be sufficient funds.” The only error in the study now appears that the dollar amount was too low.

The HSR project has been the target of multiple lawsuits, including a few that challenged the legality of the entire enterprise. But it now appears that the last legal roadblock to this continued wasting of taxpayer dollars has been removed. In Tos v. State of California, the court ruled that even though nothing the voters were promised in 2008 could possibly become true, the bonds could now be sold to finance the project.

There is a disturbing message here for all California voters and taxpayers. When it comes to bond measures, nothing that is promised in the law authorizing the bond is worth the paper it is written on. If a bond act states that voter approval will authorize the construction of a high school, don’t be surprised if the revenue is later used for a prison. While that may be an extreme example, it is not beyond the realm of possibility.

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Click here to listen to this week's Howard Jarvis Podcast, "Guide to Government Abuses" ([link removed]) The Howard Jarvis Podcast features HJTA President Jon Coupal and VP of Communications Susan Shelley with a lively conversation that takes you inside California government in a way that's fun, interesting and sometimes scary. Check out all the recent podcasts by clicking here: [link removed] -- it's easy to listen on your cell phone, tablet or computer. Just click the "play" arrow next to the title. Questions for Jon and Susan? Email us at [email protected] and tune in!
A note to our valued members and supporters: To increase the reach of our message to as many Californians as possible, HJTA made an agreement with the Southern California News Group papers to carry Jon Coupal's weekly column. The newspapers in the group, including the Orange County Register and the Los Angeles Daily News, have added a paywall that allows only a limited number of page views per month, and then asks readers to become subscribers. HJTA is not marketing these subscriptions or receiving any payment from them. The columns are exclusive to SCNG's papers for one week and then are posted in full on HJTA's own website, www.hjta.org ([link removed]) , under "California Commentaries," where you can read them at your convenience, or read Jon's column online in all the SCNG papers at these links:
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Jon Coupal is the President of the Howard Jarvis Taxpayers Association (HJTA). He is a recognized expert in California fiscal affairs and has argued numerous tax cases before the courts.
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