National

Jun 3, 2010 7:27 PM by Greg Boyce

California Assembly wants to review sale of buildings

The California State Assembly has passed a bill requiring legislative approval before Gov. Arnold Schwarzenegger can sell two dozen state office buildings.

The bill passed 58-0 Thursday on a bipartisan vote.  It also would require the administration to perform a 50-year cost-benefit analysis of the plan to sell state-owned buildings and rent space back at market rates.  Democratic Assemblyman Hector De La Torre of South Gate says the bill doesn't stop the sale. Rather, it gives lawmakers a chance to make sure it's in the best interest of the state.

Schwarzenegger is counting on the sale to help fill the state's $19 billion budget deficit. Budget analysts say it appears the sale would cost taxpayers more money in the long run.

The bill now moves to the state Senate.

»Comments

»Topics in this article

More News

Weather - Forecast
Story Photo

16 hours ago

Rain & Snow On The Way

A Winter Weather Advisory is in effect from 6 PM tonight until 4 AM Thursday for Teller County, the Rampart Range (including...

Most Popular

Top Videos

1 2 3 4