LAO: Legislature should audit DWR’s bond spending
Alex Breitler, March 8, 2010
While there’s a lot of talk about the $11.1 billion water bond on the November ballot, the general public may not realize that Department of Water Resources has already been on the receiving end of over $15 billion in bond funds over the past decade. Of that sum, several billion are still available, according to a report released today by the nonpartisan Legislative Analyst’s Office.
In its analysis of the governor’s proposed budget for natural resources, the LAO concluded that DWR bond spending should be audited.
“These recent increases in the availability of bond funding for DWR are unprecedented in their magnitude,” the report says. “This has led to concerns about the department’s capacity to effectively manage such a high level of funding.”