Consumer Watchdog has called for a legislative investigation into the California Department of Finance’s $300m understatement of bottle deposit funds. The group claims that the Department of Finance’s misrepresentation of funds undermines the integrity of the state budget and ultimately impacts the ability of CalRecycle to spend money on reforms. Consumer Watchdog argues that the portrayal of funds being lower than they actually are allows the Department of Finance to more freely borrow against the fund. The group suggests that the misstatement could prevent CalRecycle from granting $146m in grants for the redesign of the bottle deposit system. Consumer Watchdog has written to two lawmakers urging them to investigate the misstatement and verify the amount of available funds.
Consumer Watchdog demands legislative probe into $300M bottle deposit understatement. Stop spending
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