Part ll: California’s Political Water Scams Back on Ballot: Caves, Meral, DeLeon and Garcia Coordinating and Still Logrolling
Gerald Meral’s Back…With a New Ballot Initiative…and a New Associate.
In Part l, it was revealed thatGerald (Jerry) Meral, and Joseph Caves (Tom Steyer’s Proposition 65 money man) both submitted proposition language for water bond ballot initiatives a couple of weeks apart, in July 2017. The two initiatives are remarkably similar — even have the same wording in numerous places — and suggest coordination to ensure passage of one or the other. Meral’s ballot initiative would raise $8.4 billion, while Cave’s is for $8 billion, according to the state’s Office of the Legislative Analyst.The LAO offers modest fiscal analysis but did acknowledge it will take $17.3 billion to pay off principal ($8.9 billion) and interest ($8.4 billion) on bonds over a 40-year… Read More