You can tell it's a big deal when it rides a limo.
(Denny Crane: "I Don't Want To Socialize With A Pinko Liberal Democrat Commie. Say What You Like About Republicans. We Stick To Our Convictions. Even When We Know We're Dead Wrong.")
Still no mention by the media of the tax increase included in this legislation.
http://www.leginfo.ca.gov/pub/bill/asm/ab_0101-0150/ab_134_bill_20060310_amended_sen.html
There shall be collected each year and in the same manner
and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year. It is the duty of all officers charged by law with any duty in regard to the collection of the revenue to do and perform each and every act that is necessary to collect that additional sum.
Although the Assembly has yet to vote on the measure, its leaders were meeting this weekend in hopes of reaching an agreement by Monday, the deadline for the June ballot.
Both the state Senate and Assembly must approve the bond measure by a two-thirds' vote before the governor can sign the bill into law.
If legislators fail to pass the measure by midnight on Monday, they may have to wait until November to put it before voters.
"We are going to see if we can get some consensus," said Steve Maviglio, a spokesman for Democratic state Assembly Speaker Fabian Nunez.
State senators were not part of the talks on Saturday, said Republican Assemblyman Rick Keene, and it was unclear if they would join their Assembly counterparts on Sunday.
During his state-of-the-state speech, Schwarzenegger proposed that California launch its most ambitious infrastructure program in more than a generation by spending $222.6 billion over a decade to expand public works, especially highways, flood-control projects, jails and courthouses.
His plan would require California to sell $68 billion in general obligation debt. He urged lawmakers to help him craft a bill for a bond measure on the June ballot to ask voters to approve a first round of debt totaling $25.2 billion.
Nunez and state Senate President Pro Tem Don Perata proposed a $48 billion bond.
The measure failed along party lines in the Democratic-led Senate after Republicans said it did not do enough for state dams and transportation.
While Democrats agree with the governor the state's infrastructure is long overdue for improvement, they have disagreed on which public works need repair and expansion.
Republicans lawmakers said California should not issue more debt and proposed setting aside a percentage of state revenues for infrastructure needs.