June 20, 2012 - CalWatchdog

NEW: Assembly committee kills bond misuse bill

June 20, 2012 By Katy Grimes SACRAMENTO — California's bond debt is on steroids, but it's the taxpaying residents who will be responsible for the financial meltdown. California politicians are well known for their budget fund shifts, "borrowing" from agencies and funds, and creative accounting gimmicks. Fund shifts and borrowing done using bond money approved by [...]