FROM THIS EPISODE
The latest economic forecasts are gloomy for California, where housing prices may not go up again for a long time. Also tonight, Governor Schwarzenegger vetoed 150 million dollars from the much-criticized budget. On Reporter’s Notebook, what will the financial crisis mean for billions of dollars in bonds being asked for on next months’ statewide ballot?
There are 12 propositions on next month’s statewide ballot and five of them call for new money. The biggest is Prop 1A, which would authorize almost 10 billion in bonds for a bullet train between LA and San Francisco. What will the financial crisis mean for its chances?