Editor,
Last week, I attended an excellent “Senior Scam Awareness” presentation detailing how to protect yourself from fraudsters.
Editor,
Last week, I attended an excellent “Senior Scam Awareness” presentation detailing how to protect yourself from fraudsters.
One fraud they failed to mention was the snow job. Tom Hanks as Colonel Parker in the movie “ELVIS” said, “the carney’s job is to bring people to the glittering lights on the outside of town, promise them something they’ve never experienced before. ... The art of the snow job is emptying a rube’s wallet while leaving them nothing but a smile on their face.” Supervisor Noelia Corzo promoted a version of the Regional Measure 4, the $20 billion housing bond on the November ballot as funding more than twice the amount of housing (143,000 new units) than the already absurd 70,000 new unit-claims of the ballot statement (page 6, https://smcacre.gov/media/7034/download?attachment )
This $20 billion creates a total tax debt for renters and owners of $48,281,750,400 in just nine counties over 53 years.
If your family earns less than $220,000, RM4 forces you to subsidize wealthier people. It’s not affordable housing, but subsidized housing and there are no exemptions for seniors, veterans or persons with disabilities.
Vote no on Regional Measure 4. It’s a snow job that will burden your grandchildren with debt.
Tom Weissmiller
San Mateo
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(2) comments
Mr. Weissmiller - Thanks for stepping out and commenting on this egregious bill. Howard Jarvis Taxpayers Assoc (HJTA,com). and Reform California also have strong recommendations to VOTE NO. Measure issuing $20,000,000,000 in bonds at legal rates, levying an estimated
$19per $100,000 of assessed valuation generating $670,000,000 annually while bond lasts (50 years?) That's $300-500/yr. for most homeowners added to property tax bills.. Of note the many news sources reporting no accounting for the $24Billion already.given.. VOT NO,
Well written, Mr. Weissmiller. All of this bond money will continue to be wasted for the homeless industrial complex – groups who have no real incentive to solve the homeless problem. After all, what progress has been made with the billions already spent on the problem? The homeless problem has only been getting worse.
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