State budget crisis could cost 50 times State Parks budget
July 1st, 2009 by Geoff, Executive Director
closeAuthor: Geoff, Executive Director
Name: Geoffrey McQuilkin
Title: Executive Director
About: Geoff's goals for the Committee are: assuring Mono Lake's continuing protection, restoring Mono Lake's tributary streams, developing a permanent education program, and assuring that the strong tradition of scientific research at Mono Lake continues. A graduate of Harvard in the history of science, Geoff has worked for the Committee since 1992 and was an intern and volunteer before that. He's happy to live close to the lake with his wife Sarah and their daughters Caelen and Ellery.See All Posts by Geoffrey (57)
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Add this to the ironies surrounding the money-losing proposal to shut down most of California’s State Parks, including Mono Lake and Bodie:
The Sacramento Bee reports that state Treasurer Bill Lockyer recently made some calculations. If the state issues IOUs (currently slated to start tomorrow) and the state’s credit rating is downgraded, credit costs–the price of borrowing money for the state to operate–will rise by $8 billion.
As Lockyer pointed out, that is 52.5 times the total annual cost of operating all State Parks.
This entry was posted
on Wednesday, July 1st, 2009 at 5:53 am and is filed under Action Alert: Save State Parks at Mono Lake and Bodie, News, Policy.
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