The Governor’s accountants are including accounting gimmicks and potentially fraud to justify the tunnels boondoggle project. Everyone knows the law and generally good public policy demands folks clean up their own mess. In this case the mess is the devastation of salmon, steelhead and recreation jobs supported by a healthy estuary that needs water to thrive and has been decimated by excessive water diversions. Now the state’s accountants are playing games with the numbers, counting ‘habitat restoration’ and ‘regulatory certainty’ which are either not part of the tunnel vision project or vastly exaggerated. Using such gimmicks and financial games to bias the State of California’s cost analysis to get ratepayers and taxpayers to pony up billions for this boondoggle is an insult to our intelligence. For more information See Mr Michaels blog bdcp-benefit-cost-analysis-is-going-off. He states “While the state has put construction costs at $14 billion, Mr. Michael estimates that when interest on borrowed money and other expenses are added in, the cost would exceed $50 billion. Mr. Michael says the Department of Water Resources seems to be ignoring its own rules in setting up the cost-benefit analysis.”

http://valleyecon.blogspot.com/2013/01/bdcp-benefit-cost-analysis-is-going-off.html