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<p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Helvetica","sans-serif";
color:black'>From: </span></b><span style='font-size:9.0pt;font-family:"Helvetica","sans-serif"'>"Jonas
Minton" <<a href="mailto:JMinton@pcl.org">JMinton@pcl.org</a>></span><span
style='color:#0070C0'><o:p></o:p></span></p>
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<p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Helvetica","sans-serif";
color:black'>Date: </span></b><span style='font-size:9.0pt;font-family:"Helvetica","sans-serif"'>October
1, 2009 8:56:57 PM PDT</span><o:p></o:p></p>
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<p class=MsoNormal><b><span style='font-size:9.0pt;font-family:"Helvetica","sans-serif";
color:black'>Subject: </span></b><b><span style='font-size:9.0pt;font-family:
"Helvetica","sans-serif"'>Treasurer finds that water infrastructure should be
paid by users, not General Fund.</span></b><o:p></o:p></p>
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<p><b><span style='font-size:10.0pt;font-family:"Arial","sans-serif"'>Today
State Treasurere BIl Lockyer released the 2009 Debt Affordability
Report. The report finds that."further increasing the
General Fund’s debt burden, especially in the next three difficult
budgets, would require cutting even deeper into crucial services already reeling
from billions of dollars in reductions." The Treasurer
therefore found that water infrastructure should be paid for by users, not
the General Fund. <a href="http://www.treasurer.ca.gov/">http://www.treasurer.ca.gov/</a></span>
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