Claremont Insider: California Bonds Get Spring Thaw

Thursday, March 19, 2009

California Bonds Get Spring Thaw

The Sacramento Bee's Capitol Alert reports that State Treasurer Bill Lockyer is ready to lift that freeze on California bond sales to the tune of $500 million. This will start the process of getting funding to some 5,000 infrastructure projects that have been stalled because of the freeze.

There's no word on where Claremont's Padua Park project falls in the scheme of things. The City is waiting on a promised $850,000 grant that the San Gabriel Rivers and Mountains Conservancy pledged last fall. Like other state agencies, the RMC sells bonds as needed to raise the cash to fund the grants it approves.

The RMC's website gives no indication as to whether or not things have changed.