I will cut many inefficient projects that are currently being enacted in california and redistribute money and create new forms of tax revenue from the legalization of state wide gambling.
I will legalize statewide gambling and that will generate billions in dollars in tax revenue which we can divert some of to the unfunded pension liability. If we are legalizing weed to capture the tax revenue then it makes no sense to keep gambling illegal in california as well.
I will also defund the 10 billion dollar abysmal Water tunnel as it will not be effective in any capacity at solving out water crisis.
The Great High Speed Railway Trainwreck: We must defund the high speed railway. The high speed railway train is the most inefficient project in California. I will defund and cut the project completely for California. The budget and timeline dramatically changes every couple of years. The budget was $40 billion in 2004 and now it’s reported that the budget is over $77 billion. We were assured that private investors will pay a significant part of this train, but not many private investors have stepped up, which means the burden will continue to fall on the taxpayer.
With these reallocated funds we will pay 5% including the interest of the unfunded liabilities annualy.