Gov. Jerry Brown has been vocal about his preference for pay-as-you-go instead of borrowing when it comes to funding public works projects.
“We got to belly up to the bar and start spending money,” Brown told reporters in February.
Instead, this week’s plan gives the state the authority to borrow to construct two state office buildings – a new state resources building at Eighth and P streets and another new office building at 12th and O streets. State officials have said the current Resources building at 1416 Ninth St. is the most dilapidated and unsafe of 29 state-owned or state-operated office structures in the Sacramento area.
Officials also have talked of rebuilding or renovating the Capitol annex, which houses the governor’s suite and much of the Legislature.
The move will help the state free up much-needed cash.
Source: The Sacramento Bee