Follow the Money

Yesterday, the LA County Board of Supervisors voted to create a special task force to dole out LA county's piece of the $787 billion stimulus pie, reports MSNBC. But is anyone going to actually see this stimulus money? "Roughly $26 billion is expected to go to California as a whole, said Jack Kyser of the Los Angeles County Economic Development Commission. The stimulus package is a mix of federal dollars for infrastructure and other public works projects to save or create jobs and tax cuts to spur spending. But California's $40 billion deficit, and the long-delayed state budget being hammered out to address it, threatens to slim down the county's piece of the pie, Kyser said. "The (state) budget could be taking money out of our pocket just as the federal government puts it in," he said." [MSNBC]