Posted on 09/27/2006 10:35:24 PM PDT by CounterCounterCulture
The major-party candidates for state treasurer recognize the challenges that come with being California's investor in chief -- a job often regarded as nothing more than a financial and economic soapbox.
State Attorney General Bill Lockyer, a Democrat, and state Board of Equalization board member Claude Parrish, a Republican, are among a handful of candidates vying for a post whose occupant can get the ear of Wall Street, which for years has scrutinized California's financial health and mammoth government operations.
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The two candidates disagree about the $37.3 billion conglomeration of public works bonds, the fate of which will be determined by California voters in November. The bonds would finance roads and transit, levee repairs, school construction and housing.
Parrish said bond measures can create burdensome long-term costs for Californians.
``A bond that passes becomes part of the state budget and almost certainly ensures a tax increase,'' Parrish said. ``There will be tremendous pressure on the state's finances and a lot of fixed costs.''
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(Excerpt) Read more at mercurynews.com ...
Parrish
BumP
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