revenue bonds | KALW

revenue bonds

Jeremy Dalmas

It’s election season. So of course, I’m at the bar El Rio in San Francisco doing what everyone loves to do over a beer -- chat about municipal bonds. I’m asking people:  Do you know what a bond is?

This measure is all about revenue bonds. Bonds are the state’s way of borrowing money for projects that are too big to pay for all at once: big construction projects like dams, highways or bridges. Right now, the state doesn’t need voter approval to sell revenue bonds; they can just sell them to investors, regardless of the amount.