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Sacramento Bee Columnist Daniel Weintraub

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December 03, 2003

Westly backs bond measure

Democrat Controller Steve Westly says he supports Schwarzenegger's bond measure -- provided it does not exceed $15 billion with a repayment term no longer than 15 years. Westly said such a bond would be "a reasonable approach" when coupled with "serious and dramatic" waste-cutting efforts. Westly also said he supports a "realistic" spending limit and reserve requirement. The controller sent Schwarzenegger a letter today expressing his views and asking the governor to support granting him the authority to conduct performance audits of state agencies to find waste and possible efficiencies.