Wednesday, September 15, 2010

Support Ref. 52 — Washington Environmental Council

 wecprotects.org/news/ref-52-jobs-bill-heads-to-the...allot

All, please do your homework before voting to approve Referendum 52. This bond issue asks the voters to approve general obligation bonds $505 million OUTSIDE the state debt limit, it will make the bottle water tax permanent to pay for the debt service, the debt service is estimated to be $72 million per year or $1.0 billion over twenty-five years, and will ultimately cause the state's bond rating to be downgraded costing the taxpayers an additional $3.5 to $7.0 million per $1 billion in financing costs.

The fact the the Washington Environmental Council supports passage of Ref. 52 ought to scare the heck out of all of us.

"Trust, but verify." - President Ronald Reagan

No truer words have ever been spoken, especially with Ref. 52.

                http://chum.ly/n/31c001

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