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: The Real Cost of Prisons Weblog

OR: If passed, new law would cost at least $2 billion in new prisons

By Real Cost of Prisons Project (The Sentencing Project)

Mannix prison measure would cost at least $2 billion, committee estimates August 07, 2008 The Oregonian A drug and property crimes sentencing measure on the Nov. 4 ballot would cost taxpayers at least $2 billion, according to analysis released by the secretary of state's office this week. That figure includes borrowing at least $1.1 billion to build new prisons to house more offenders, for longer. The five-person committee also estimates $709 million over the next 25 years to finance the construction. Operating costs would ramp up, hitting between $161 million and $274 million a year after four years. Kevin Mannix, the two-time Republican gubernatorial candidate behind Measure 61, calls the numbers "a fantasy" because they overestimate how many people will actually be locked up...continue to full post

Full post as published by The Real Cost of Prisons Weblog on August 08, 2008 (boomark / email).