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November Ballot Initiatives Pose Little Credit Concern Oct 02 Product Image

November Ballot Initiatives Pose Little Credit Concern Oct 02

  • Published: October 2002
  • Standard & Poors

FEATURED COMPANIES

  • Alabama
  • Colorado
  • Los Angeles
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Abstract
Over the past several years, Standard & Poor's has been covering the November general election with a focus on issues that could potentially have an economic or fiscal effect on the credit quality of states or municipalities. A review of the statewide ballot issues in the November 2002 general election indicates the following: There are record bond authorizations in California both at the statewide level and school district level, along with more-modest bond proposals elsewhere in the nation. Minimal tax cuts and tax increases are being proposed. While education is a perennial theme, this year's focus is on before- and after-school programs, universal pre-kindergarten classes, and class-size reduction instead of vouchers, charter schools, and other school choice issues. In light...

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