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Lawmakers, Governor ‘Close’ To Bond Deal

Sacramento, CA — Governor Arnold Schwarzenegger and legislative leaders are still trying to agree on what would be the largest bond issue in California history.

They´re pressing hard to meet a deadline for placing a proposal on the June ballot.

Senate Minority Leader Dick Ackerman says the package would include a bond of about $25 billion for highway projects, mass transit, levee repairs, new parks, habitat protection and affordable housing.

The governor has vowed to work through the weekend if necessary, even though the secretary of state had set Friday as the deadline to reach an agreement.

Ackerman says there also would be two $10 billion bond measures to build and remodel public schools, community colleges and universities, one this year and one on the ballot in 2008.