Proposition 13 costs too much for so little

Share: 42 percent of a $26 billion bond measure is way too much to pay in interest. That’s the real story behind the new (but not really improved) Proposition 13, the education bond measure on the March 3 ballot. Anyone familiar with the original Proposition 13, which was passed in 1978 will not recognize this one which, if passed, would stick California voters with a huge bill over the next 35 years. This year’s Proposition 13 will not be paid for with proposition taxes as …