Headed to the governor, then the voters, November ballot is the largest bond issue ever -- four bonds totaling $37.3 billion, consisting of billions for transportation, schools, levees, and affordable housing.
"By large majorities and sometimes with heavy bipartisan support, the California Legislature completed one of its most significant achievements in recent memory early Friday by putting a $37.3 billion package of infrastructure bonds on the November ballot."
"'Today is a proud day for the Legislature,' said Assembly Speaker Fabian Nunez, D-Los Angeles, on the floor of his chamber after it moved the bonds to Gov. Arnold Schwarzenegger for his all-but-certain signature."
"Legislative Republican leaders also reacted with a feeling of achievement and satisfaction, as well as a sense of history. Senate Republicans voted strongly in favor of transportation and flood control, while a majority of GOP members in the Assembly only came out against the housing proposal."
"Besides the bond packages, lawmakers passed an added $500 million appropriation for levee repairs. They also put on the ballot another measure designed to put the brakes on the state's continued raids on the estimated $1.4 billion in sales taxes on gasoline (known as Prop 42 funds) that is supposed to go toward highways, roads and public transit."
Thanks to ABAG-MTC Library
FULL STORY: Lawmakers send record bond deal to voters
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