Quote:
Originally Posted by Pedestrian
The schedule of when it might be completed depends entirely on funding, of course.
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As I mentioned upthread, California's existing budget has the capacity to comfortably repay a $100 billion bond sale. Debt is the cheapest it's ever been, in all of history, right now. The only reason why California's bonds (or any other state's) aren't a great investment is because of the low return, not because the state faces any sort of revenue crisis.
Come getcha some:
https://investor.vanguard.com/mutual.../profile/VCAIX