The Road to Bankruptcy: Howard Jarvis (left) and Paul Gann celebrate their victory at
the Proposition 13 headquarters in Los Angeles. The tax-slashing
ballot initiative was authored by the two men and is credited with the current
collapse of the state budget.LA Public Library
By Daniel Heimpel, Max Taves and Jill Stewart
$10 billion bond. High Speed Passenger Train Bond Act. Total price tag with interest: About $19 million.
Proposition 1 would give the state the right to sell $10 billion in bonds to build an 800-mile high-speed tr ... More >>