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A regional bond measure worth between $10 million and $20 million will be on the ballot next November, potentially bringing about $1 billion into San Mateo County, prompting officials to begin planning for how those funds should be used.

Looking to help support more housing development, two regional bodies, the Bay Area Housing Finance Authority and the Association of Bay Area Governments, are pursuing a regional bond measure to be placed on ballots in all nine Bay Area counties in November. If the measure is approved by voters, each county would need to present an expenditure plan detailing how those funds would be used.

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(3) comments

Lou

Is this bill were to pass it's more confiscation of people's money who already can't afford it. Adding to government spending which will add to inflation and the huge bubble being created. Unbelievable! Vote No

Terence Y

The key words, as brewster1 has highlighted, shows this money is basically a slush fund to be used however counties want. My bet is that the majority, if not all, will go towards generous pensions and benefits and to pay for the raises that apparently most public workers are now striking for. Remember, at least $30 billion will go to replenish the funds lost by Newsom’s EDD fiasco. And many more $billions will go to keep the train-to-nowhere afloat - the union labor giveaway that most alive today will not likely ever ride because it won’t be built (hopefully).

Just vote No, unless you want to saddle the future with a regional bond measure that may cost them $billions to pay off. Of course, if you’re planning on moving out of CA relatively soon, vote Yes to penalize the folks who will reside in CA in the near and far future.

brewster1

" If the measure is approved by voters, each county would need to present an expenditure plan detailing how those funds would be used." Sorry staff, but this seems upside down to me... we vote you a BILLION dollars and then you tell us what you want to do with it? We have a governance problem

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