NYTimes.com...Directors of the State Budget Crisis Task Force said their researchers had found a lot of other debts that did not turn up in California’s official tally....The task force estimated that the burden of debt totaled at least $167 billion and as much as $335 billion. Its members warned that the off-the-books debts tended to grow over time, so that even if Mr. Brown should succeed in pushing through his tax increase, gaining an additional $50 billion over the next seven years, the wall of debt would still be there, casting its shadow over the state.
Please continue reading at:
The total cost of the project that would eventually connect Northern and Southern California is at least $68 billion."plan also requires the rail authority to provide financial compensation for environmental damage such as increased pollution or harm to wetlands and water sources."
Simply amazing
