Patt Morrison for April 15, 2010

California’s sell-off plan won’t help the budget gap

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Governor Schwarzenegger's sell-off plan may cost taxpayers more than it makes the state

Governor Schwarzenegger is in the process of selling off two dozen state office buildings to help close the budget gap. Sounds reasonable, right? Well the Associated Press analyzed financial documents and found the plan would actually cost taxpayers billions of dollars in rent over the years. In the face of these facts, should the real estate sell-off go forward?


Assemblyman Jim Silva, Republican from the 67th District, Huntington Beach, Orange County. .

Erin Shaw, Deputy Secretary for Communications, California State and Consumer Services Agency

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