1/14/2009

California's budget shortfall could halt $1.8 billion in road construction projects now in progress. "That has never been done in the history of the state, certainly not in the transportation program," said Will Kempton, director of the California Department of Transportation. Many of the projects are financed by bonds that the state cannot sell due to the credit crisis, but state officials hope that a federal economic-stimulus package will provide additional funding.

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