Report: California Needs to Spend $853B on Infrastructure

LOS ANGELES — California needs to spend $853 billion on infrastructure for transportation, water and K-12 facilities over the next 10 years just to maintain the state's current infrastructure, according to a report released on April 28.

Over that same decade, the state is projected to have a deficit of two million trained workers, unless it can more effectively invest in human capital, according to the report from California Forward, a nonpartisan group with the mission of improving the performance of government in California.

The report suggests methods of closing funding shortfalls while growing economic opportunity by developing revenue streams outside of the state budget.