The projects with funding halted include the Highway 25 widening
and its total cost of $10.8 million, the migrant camp refurbishing
and its total cost of $2 million, construction on Lone Tree Road
for $1.7 million and two projects at San Benito High School
totaling $825,000, according to a list on the state treasurer’s Web
site.
HOLLISTER
A state panel Thursday cut funding for five major projects in San Benito County, such as the Highway 25 expansion and work at the migrant camp, as California’s grim finances have forced a halt to lending for an estimated 2,000 projects.
The projects on State Treasurer Bill Lockyer’s list of public works projects with funding halted include the highway widening and its total cost of $10.8 million, the migrant camp refurbishing and its total cost of $2 million, construction on Lone Tree Road for $1.7 million and two projects at San Benito High School totaling $825,000, according to a list on the state treasurer’s Web site.
The three-member state Pooled Money Investment Board voted 3-0 not to lend money for the infrastructure projects through June, saying finances are so poor that California can no longer afford them.
“We don’t have the money to loan, so we’re stopping the projects,” said Lockyer, the panel’s chairman.
For the full list of projects with state funding halted, see Lockyer’s list at www.treasurer.ca.gov.
This story is developing. Look back to www.freelancenews.com and to Tuesday’s print edition for more details. The Associated Press contributed to this report.
