Want the news summarized?
Subscribe to The Morning Report.
Thursday, May 17, 2007 | Bogus projections to justify passage of government bond measures is the rule rather than the exception. It usually occurs to justify major capital spending projects — be it schools, colleges, trolleys, libraries, sports stadiums, or airports.
For instance, this past November, the San Diego Community College District supporters conned voters into voting for an $870 million bond, just four years after we passed a $685 million bond for them. Part of their excuse was their projection that enrollment would rise 25 percent in the next 10 years.
Given the continuing drop in San Diego’s K-12 enrollment, this fake figure doesn’t even pass the giggle test. Yet proponents used this fabricated number to stick us all with thousands of additional property taxes per family.