Californians asked to spend more during unprecedented spree of water spending
Supporters of a proposed $11 billion water bond say the money is urgently needed to fix California's water supply problems, yet billions of dollars in previous bond money still hasn't been spent, according to the California treasurer. About half of the $20 billion in water and levee improvement bonds passed since 2000 was unspent as of July, according to the State Treasurer's Office most recent report on debt affordability. It is unclear how much of that money is actually available for new efforts, since lawmakers have appropriated billions for specific projects, according to Jason Dickerson, debt service analyst for the...
Original Article: Forum: News/Activism
Tags: Affordability, Billions Of Dollars, Bond Money, Bonds, Californians, Debt Service, Lawmakers, Levee, Service Analyst, Spree, State Treasurer, Water Bond, Water Problems, Water Supply Problems, X27