Bonds Give Governor Opportunity To Reshape State's Growth Pattern

Increasingly, Gov. Arnold Schwarzenegger appears to be in the municipal bond business. Last fall, he championed the passage of almost $40 billion in bond measures on the state ballot, mostly for infrastructure. In his State of the State speech, he called for Californians to pass $29 billion in additional bonds over the next three years. And in the budget he proposed during January, he called for spending more than $11 billion of bonds during the next 18 months.

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