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To: combjelly who wrote (135008)3/27/2001 2:23:52 PM
From: TimF  Respond to of 1571578
 
If the cost of buying land to build new roads skyrockets because of increasing real estate values, that could soak up the extra money and then some.

Good point but with the large increase (75% after inflation) I would think they could preserve spending for schools and critical infrastructure progects eeven if roads become more expensive. Anyone have any links to a historical information about CA government spending over the past 25 years? I wasn't able to find any last night when I searched on Google and Hotbot.

Tim



To: combjelly who wrote (135008)3/30/2001 3:18:30 AM
From: Joe NYC  Read Replies (1) | Respond to of 1571578
 
cj,

If the cost of buying land to build new roads skyrockets because of increasing real estate values, that could soak up the extra money and then some.

Shouldn't the natural progression be empty land normal price -> new road -> development -> high prices?

Joe