Wednesday, March 15, 2006

Gilbert Bonds

I hate debt. I hate bonds. I can't believe the town voted for this. Very dumb idea. Embarassing that we couldn't get more than 1292 people to vote against this thing.

$75 million in Bonds for streets

TOWN OF GILBERT
QUESTION 1 - STREET HIGHWAY IMPROVEMENT
100% (20 of 20) precincts reporting

VOTES FOR THE BONDS
3379 72.34%

AGAINST THE BONDS
1292 27.66%

Only a total of 4671 people out of 150,000 residents voted in the bond question. An amazing 3 percent. 3379 voted for the bonds. So Gilbert will now spend $75 million on streets. 3379 people spent 75 million dollars. That’s $22,195 a head. I wonder if those people would just mortgage their own house to buy the roads instead.

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