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Keyword: infrastructurebond

$5.5 Billion in Cal Highway Funds Ripped Off?

01/08/2006 2:18:57 PM PST · by WayneLusvardi · 23 replies · 594+ views
The Pasadena Pundit ^ | January 8, 2006 | Wayne Lusvardi

January 8, 2006 $5.5 Billion in Cal Highway Funds Ripped Off ...a French detective (real life) when asked about the money that "disappeared" in a fraud commented, "Money rarely disappears, but frequently changes pockets..." -- Quote submitted by Charles Warren, San Francisco Wonder why California needs a mega-billion dollar infrastructure bond of which $12 billion in bonds would be allocated for new freeways? In part we need it to re-fund $3.4 billion shifted from the State Highway Fund to the General Fund to make up for budget deficits. The State Highway Fund will have a $5.5 billion deficiency by the...

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