Stealing. There's no other word for it. No matter how they torture the language in the end the legislature has taken money out of the Stat highway Trust Fund and used it to cover general fund debt payments. It gets a little complex and involves weird concepts like different kinds of money but follow me here.
The swap allows some accounting maneuvers that would funnel more money into the state's general fund, where the deficit exists.
The tax exchange is estimated to generate $1.1 billion for the general fund while continuing to provide close to the current level of funding for public transit and repairs to highways and streets.
Californians would see no difference in prices at the pump.
Bullshit. The Trust Fund carries a close to $9 billion balance. The State won't spend it because as long as it sits there it helps balance the bookson paper. What about on the streets? KTLA:
Huge Pothole Flattens Tires On 101 Freeway
KTLA News7:17 AM PST, March 1, 2010
The 101 south through downtown was closed by a massive pothole. (February 28, 2010)
LOS ANGELES - Late last year, a national transportation research group stated that Los Angeles had the worst roads in the nation.
They robbed the Trust fund and we pay twice.