In May 2006, Assembly Speaker Fabian Nuñez, Assembly Republican Leader, George Plescia, Senate Republican Leader Dick Ackerman and Senate Pro Tem, Don Perata, meet before the Legislature voted on a $35 billion public-works bond package. State and local governments have sold $1.5 trillion in debt since the mid-1980s, according to new data from the state treasurer’s office.
In May 2006, Assembly Speaker Fabian Nuñez, Assembly Republican Leader, George Plescia, Senate Republican Leader Dick Ackerman and Senate Pro Tem, Don Perata, meet before the Legislature voted on a $35 billion public-works bond package. State and local governments have sold $1.5 trillion in debt since the mid-1980s, according to new data from the state treasurer’s office. Brian Baer Sacramento Bee Staff Photo
In May 2006, Assembly Speaker Fabian Nuñez, Assembly Republican Leader, George Plescia, Senate Republican Leader Dick Ackerman and Senate Pro Tem, Don Perata, meet before the Legislature voted on a $35 billion public-works bond package. State and local governments have sold $1.5 trillion in debt since the mid-1980s, according to new data from the state treasurer’s office. Brian Baer Sacramento Bee Staff Photo
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Capitol Alert

November 20, 2015 12:00 PM

Big government borrowing means payback time – someday

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