TAHOMA, Calif. — California Treasurer Bill Lockyer estimates the state is going to more than triple its new-money general obligation bond issuance this fiscal year from the unusually low level the year before.

“The governor, and prudently so in the last couple years, has been more cautious when it comes to issuing new-money debt,” said Tom Dresslar, Lockyer’s spokesman. “Now we are back to a more normal level of issuance.”

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