All over my state I’m seeing these absurdly high dollar “Bond Proposition A” items having come up for a vote and being passed in EVERY town and county as roads or schools improvements.
Who’s pushing these? What’s the total amounts for them by state?
There are multi-hundred million proposals getting floated by small towns for what?
This is all in an off-year and they’re getting passed by absurdly low vote tallies.
A 800 million bond will be passed by 1200 votes for a town of 18000. This is happening in small towns, counties, everywhere! It seems like it’s almost happening in all of them. Not normal sized bonds, either. Way out of scope for what should be reasonably expected, as if everyone is quadrupling their infrastructure all at once.
DIG.
Pick a state, list the location and the bond size, list the voting results. I’ll try to keep tallies here.
Edit: Found a site https://bondbuyer.com/news/bond-vote-all-billion-plus-bond-deals-pass
“As usual, voters approved the lion’s share of bond issuances put before them…”
Maybe it shouldn’t come as a shock that some vulture is sitting around waiting for these things to get approved en-masse so they can swoop in and buy up our chains.
Is any of this out of line?
I’m intentionally looking at smaller states. California and New York are surely a mess. Texas, Florida, Illinois, Pennsylvania, and Ohio are as well, doubtless.
Maybe Indiana would be a good mid-sized state to look at?
New Mexico is #38 and clocking in with almost a billion early on from a population of 2.1 million. Anyone with a good list of every county like the New Mexico SOS has? Looking these up through local newspapers is no fun.