OPPOSE Santa Rosa Courthouse Square: Demand Our VOTE!
Organized by: Jennifer Coleman
We must raise funds to launch an email and postal campaign to reach Santa Rosa voters! Our goal uses the power of mass marketing to spread the truth and rally citizens together. Our message is URGENT: City Council may pass a resolution on a $10 Million Dollar form of UNDER-DISCLOSED Taxpayer Debt* to fund the Reunification of Downtown Courthouse Square. This public indebtedness will happen without your vote unless you tell them you OPPOSE! Tell Santa Rosa City Council you demand a PUBLIC VOTE in how $10 Million of YOUR TAX DOLLARS will be spent. We want TRANSPARENCY and full disclosure. We have not been given adequate detail to the financial impact of this enormous expenditure, which may cost up to $20 million dollars over 30 years! Join us in the "Oppose Courthouse Square CAMPAIGN" by donating generously. Together we will protect our vote. * Definition of Certificates of Participation (COPs): a method of leveraging public assets and borrowing all or a portion of the value of a public agency's equity in those assets in order to finance other assets. Borrowing equity by way of Certificates of Participation is paid by taxpayers through the city's General Fund at a HIGHER INTEREST RATE than a voter-approved tax. This finance scheme is a NO VOTE form of taxpayer indebtedness typically used when a city government knows it cannot get the 2/3 required vote from a conventional tax referendum. "A $10 million project, if fully funded with such certificates, would cost the city’s general fund about $670,000 per year for 30 years, or a total of $20 million." Source: Press Democrat, Sept. 15, 2015.