California’s Brown Seeks $59 Billion in Infrastructure Fixes
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California Governor Jerry Brown proposed spending $59 billion to fix crumbling roads and raising the state’s renewable energy mandate to 50 percent, while projecting that California’s new rainy-day fund would reach $2.8 billion this year.
Sworn in today for an unprecedented fourth term, the 76-year-old Democrat said lawmakers must address hundreds of billions of dollars in liabilities stemming from pensions, retiree health care and the obligations of President Barack Obama’s health-insurance law. He said he would proceed with a $68 billion California high-speed-rail line, on which he is expected break ground tomorrow.