Monday, February 11, 2008

Possibility of Bond Money Being Given to Private Railroads/Megan McClendon

Schwarzenegger has proposed spending $170 million of bond money (Prop 1B) approved by voters on projects for 2 private railroads. The argument lies in the fact that voters believe the money would be allocated to improving road and traffic conditions and efficiency. The railroad claims the changes proposed would reduce cost and benefit the environment by improving efficiency while improving the flow of goods in CA. However, voters take issue with tax dollars being put solely into private companies.

Many people are arguing that private railroads should pay for their own work while voters and residents should get the benefit of the funds they approved. Also, there is some question as to motives being that railroads donated $142K in campaign contributions to Schwarzenegger’s committees and $200K to the Prop 1B campaign.

Proposals and objections to them will begin being addressed on 2-13-08 in San Francisco.

Link: http://www.latimes.com/news/local/la-merailfight11feb11,1,7893162.story?ctrack=1&cset=true

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