Monday, March 26, 2007

Bond Money

Who didn’t’ see this coming?

One hopes sounder judgment, concerned about the reasons voters approved these bonds, prevails.

Legislators target bonds-package billions
Bills seek to have public works funds spent on favored projects, issues.
By Jim Sanders - Bee Capitol Bureau
Published 12:00 am PDT Monday, March 26, 2007

A modern-day Gold Rush has erupted over $43 billion targeted for California public works projects, with legislators crafting dozens of bills to affect how the money is spent.

Voter passage of the record bond package last November has spawned a frenzy in which communities and their officeholders are fighting for a piece of the massive pot.

"It's kind of like the heirs to the estate of some very wealthy person," said Darry Sragow, a Democratic strategist. "People fight over money -- and they fight especially hard over a lot of money."