Subject: txt mny cali -
“Last year, as the state's fiscal noose tightened again,
Schwarzenegger and the Legislature exercised their option to borrow local funds – albeit with a complex scheme under which the locals could still get their money through bonds that the state would issue and repay. The state also raided local redevelopment agency funds and dipped into transportation accounts, running the total shift to some $5 billion"
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