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Bonds Package Approved for November ballot in CA

Apologies for Cross-Postings

From: http://www.sacbee.com/content/politics/story/14252332p-15068497c.html

Putting aside partisanship: Bonds package sparks rare cooperation between parties

Democrats, GOP both celebrate

By Andy Furillo -- Bee Staff Writer
Published 2:15 am PDT Saturday, May 6, 2006

California's biggest public works project in generations has made it to the November ballot, thanks to one of the most stunning displays of bipartisan cooperation Sacramento has seen in recent years....

The plan calls for $19.9 billion in transportation spending that promises to unclog roads and highways all over the state and improve California's bus, rail and transit systems.

Its $10.4 billion education component would build and modernize an untold number of K-12 classrooms and expand the state's universities and community colleges.

Some $4.1 billion - with an added $500 million general fund appropriation - would repair levees and improve flood protection in Sacramento, Marysville and Yuba City to 200-year levels.

A $2.9 billion housing bond contains hundreds of millions in down-payment and home-ownership programs as well as hundreds of millions to put roofs over the heads of farmworkers, the homeless, foster kids and battered women.


The $37.3 billion public works bond package includes:

* $19.9 billion for transportation projects

* $10.4 billion for university and school construction and remodeling

* $4.1 billion for flood protection

* $2.9 billion for housing and parks

* The plan calls for the bonds to be paid off over 30 years starting in 2007-08

The Bee's Andy Furillo can be reached at (916) 321-1141 or afurillo@sacbee.com.

Go to: Sacbee / Back to story

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