California Treasurer Bill Lockyer has said he will oppose Gov. Arnold Schwarzenegger’s proposal to issue bonds backed by the state lottery.

The lottery bond proposal is expected to raise $5 billion in fiscal 2010 that would be applied to the state’s budget deficit.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.