Opinion: California spending billions on water projects
State politicians have done something laudable, and it has gone unheralded. They haven’t even bragged about it themselves. So, here’s some heralding. They’ve authorized spending about $5 billion on drought-related water projects without charging it on the credit card. They’re going to pay cash. That will save taxpayers roughly twice the projects’ cost for tacked-on interest.
-Written by George Skelton, Los Angeles Times columnist.