Dear ER:
The Beach Cities Health District indebted district taxpayers to a $172 million in off-balance-sheet debt when it wanted to get $6.3 million from the State to build a shiny new allcove building. How did BCHD do that? BCHD agreed to provide allcove for a minimum of 30 years to all 12 to 25 year-olds in the LA County SPA8, a 1.4 millionM population area. The 30-year cost is estimated at $172 million and only 9% of the service area is District taxpayers.
Vote No on Measure BC to stop the $172M District taxpayer debt. BCHD underestimated the allcove building cost by $9M. If BCHD is denied the Measure BC funding, then BCHD can’t build the allcove building and the 30-year obligation to service all of LA County SPA8 ends. The allcove program for District residents can continue as needed for a small fraction of the $172 million cost.
Off balance sheet debt is how Enron built its house of cards. Stop Measure BC and stop BCHD from being required to provide allcove for 30 years to LA County on the backs of District taxpayers.
Mark Nelson
Redondo Beach
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