Local funding of construction money provides a multiple of advantages. One advantage Oakland has is that it is able to borrow short term against construction money as long as the County Superintendent allows that to continue. This is a huge asset in these times but it is also a dangerous option.

One more thing. The District has used Measure B funding in connection with State funding. As State funding shrinks so will the impact of local funding.

Jim Mordecai

The crashing property tax revenue and state tax revenue will soon result in the state stripping all slush funds including the construction funds already earmarked for courthouses and public works. You see, the forecasts are running into the functional equivalent of riots in the streets. In order to try to maintain the government at all – the money must be taken. You can’t have a welfare state on top of a 3rd world nation with open borders for long.

The only construction projects that I have any confidence in actually proceeding are those paid for with Obama’s printing press money and this doesn’t appear to be one of them.

Take a look at Vegas (and Florida?) – that look of construction projects halted and fenced off. It can happen here.

Nice artwork, though.

Until California decides how it is going to exist economically, nobody is going to count on grand construction projects from the State or it’s State Agencies. This is a State that issues IOUs for checks and is in danger of having it’s American Express Cards shut off for non-payment this summer.