The short answer is YES.
When city council’s get a guaranteed revenue stream they usually want to realize the funds immediately by bonding against it. This will do two things; Thwart a recall of the measure after it is passed because bonds are tied to it and in-debt the taxpayers for years.
Our City Council can actually bond against the Tax once it passes. This would explain why the reported phone calls came from Boston, although they could come from N.Y., as there are plenty of bond companies that would have a stake in seeing a 20 year sales tax be passed in La Habra.
More food for thought for when we go to the polls next week.
