https://calwatchdog.com/2010/04/27/new-pge-bankrolls-prop-16/ Wed, 30 Mar 2016 20:18:17 +0000 hourly 1 https://calwatchdog.com/2010/04/27/new-pge-bankrolls-prop-16/#comment-933 Thu, 29 Apr 2010 05:06:11 +0000 http://www.calwatchdog.com/?p=4115#comment-933 so how do we vote?

]]> https://calwatchdog.com/2010/04/27/new-pge-bankrolls-prop-16/#comment-932 Wed, 28 Apr 2010 06:32:13 +0000 http://www.calwatchdog.com/?p=4115#comment-932 Proposition 16 is a perversion of the rationale behind the two-thirds super majority requirement in California law. That requirement exists for general obligation bonded indebtedness, enactment of special taxes, and adoption of the state budget as an attempted preference against additional spending. Very simply, if you want to spend more money you had better have a substantial consensus in support. Proposition 16 turns that argument upside down. Throughout California’s history, the only time the public has supported municipal governments getting into the electricity business is when they’ve been able to demonstrate large cost savings. Why should it take a super majority to save money? PG&E is simply trying to build a bigger wall around its captive customers, and using $35 million collected from those same customers to do so.

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