This Chris Reed fella, writing in the L.A. Daily News, has some good news about the California High-Speed Rail Authority:
Why would the [California Teachers Association and the California Federation of Teachers] turn on their normal allies and oppose plans for the bullet train? Because of the growing evidence that Gov. Jerry Brown thinks the only plausible way to fund the project is with the fees that heavy industries pay for the right to pollute under AB 32, the state’s landmark 2006 anti-global warming law. The state Legislative Analyst’s Office expects the fees from the “cap and trade” system to generate billions of dollars annually — perhaps as much as $14 billion by 2015.
There are plenty of legal precedents that appear to limit how the fees can be used. Since they are gathered to help fight pollution and reduce global warming, state finance officials say the fees must be spent for that purpose.
But anyone who expects this argument to inhibit the CTA and the CFT from trying to get their hands on this immense new revenue source is hopelessly naive. …. Lawmakers in Sacramento won’t get in the unions’ way. Why would they start behaving honestly and ethically now?
Read the whole column here. There is a very basic and obvious ploy that the CTA and CFT can use to grab AB 32 fees.
Good column. I could read that guy all day and never get tired of his whining.