Downtown Davis, population center of the 3rd Senate District. (Photo: Miles530, via Wikipedia)
In California’s 3rd Senate District, two colors stand out: blue and green. Blue for water, green for money. The water, because SD3’s southern portion includes a piece of the Sacramento-San Joaquin River Delta. The money, because in addition to conventional campaign donations, large sums from outside independent expenditure committees are fueling the race.
The total spending increase needed to get CalSTRS, brought low by mismanagement, back to full funding may be the biggest-dollar scenarios ever presented to a California legislative committee. Legislators were told last week an additional $181.7 billion would be needed for full funding in 20 years. If payments are spread out to ease the budget bite, the additional amount needed to reach full funding in 60 years is a staggering $618 billion.