A money issue, this one a constitutional amendment concerning the limitation on state debt is on the Nov. 2 ballot. It makes good sense. Here’s why:

A new federal program is now in place, Build America Bonds. Under it, the federal government essentially subsidizes part of the interest payments for bonds issued by state and local governments.

This is not exactly new to our state. Transportation bonds and local government bonds already are making use of this program. The result is a lower cost to taxpayers.

By approving 8225, the state could use the same program for its General Obligation Bonds, saving taxpayers more than $100 million during the next two years.

Vote “Yes” on Senate Joint Resolution 8225.

– Craig Groshart, Bellevue Reporter