State Bond Issue Discussions Continue
Sacramento, CA — Lawmakers are making a last-ditch attempt today to reach a deal that would put the largest bond measure in California history on the June ballot.
The approximately $50 billion package would provide money for highways, transit, schools, levees and other public works projects. Lawmakers and Governor Schwarzenegger talked over the weekend to try to keep hopes alive for an agreement after Senate Republicans shot down a $48-point-8 billion proposal early Saturday morning.
The G-O-P said it included too much money for environmental programs and not enough that would go into construction of highways and repairs of levees.
Republicans also demanded more money for dams and reservoirs than was in the bill. Democrats had offered $500 million to replace an earthquake-fragile dam in Southern California and another $500 million for additional groundwater storage.