California Debt Foe Campaigns to Block Billion-Dollar Bond Deals

  • Initiative would require vote on revenue bonds over $2 billion
  • Governor, business, unions line up against retired farmer

Dino Cortopassi, who lives near Stockton, watched as the California city loaded up on debt for amenities like a waterfront ballpark, only to slash services after the community went bankrupt. So he’s spending $4 million in an effort to give the state’s voters more power to curb bond sales.

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