FYI: State ballot measure could allow voters greater say over large over-budget projects
By Paul Rogers, progers : mercurynews – excerpt
Two of Gov. Jerry Brown’s favorite projects — building a high-speed rail system and a pair of massive tunnels under the Delta — face a serious threat if California voters pass a measure heading for the November ballot.
The “No Blank Checks Initiative,” bankrolled with $4.5 million from Stockton farmer and businessman Dean Cortopassi, would require a public vote on any state project in which $2 billion or more in revenue bonds would be issued. And since both the bullet train and twin-tunnels projects would most likely require that kind of financing, voters could ultimately get a chance to decide their fate… (more)