Sacramento Bee: In an effort to more closely manage how California spends revenue from its fledgling cap-and-trade program, Senate President Pro Tem Darrell Steinberg, D-Sacramento, on Monday unveiled a plan to dedicate ongoing money to affordable housing, mass transit and high-speed rail.
"National and international experts say that the climate problem grows worse, that we have no time to sit back and wait and think about an investment strategy year-to-year or just short-term. Now is the time to grab the moment...