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No Settlement On State Bond Issue

Sacramento, CA — A last-ditch attempt to place the largest bond measure in California history on the June ballot appears to be failing after the Senate´s leader cited several problems with the bill.

Administration officials say they were working under the assumption that Monday is the last day lawmakers can add it to the ballot. The 50-(b)billion-dollar package would fund highways, transit, schools, levees and other public works projects.

Assembly Democrats said early Monday that they were close to a deal after a weekend of talks between Governor Schwarzenegger and lawmakers. But the Assembly repeatedly delayed a meeting that originally was scheduled to take place Monday morning, eventually convening Monday evening.

Senate President Pro Tem Don Perata of Oakland released copies of a nearly three-page memo to his caucus saying there were “a number of problems” with the bond bill awaiting action by the Assembly.