from the Los Angeles Times:
California recycling measure may mean higher deposits and better returns
A bill awaiting the governor's signature would impose or increase deposits on billions of containers. Rising redemptions and raiding to balance the budget have left the state fund facing bankruptcy.By Shane Goldmacher
September 28, 2009
Reporting from Sacramento - Californians could soon be paying new deposits on half-gallon juice jugs, small juice boxes and soy drink containers -- and handing over twice as much as they already pay on some soda and water bottles -- because lawmakers have been raiding the state's recycling fund to help balance the budget.
Officeholders have yet to repay $451 million they've taken from the recycling fund since 2002 to cover the state's bills, siphoning away $100 million this year alone. Recycling and deposit redemptions, meanwhile, have risen amid the recession and the fund is now facing bankruptcy.
The Legislature recently passed a vast expansion of California's recycling program. The proposal would replenish the fund by imposing new 5-cent deposits or doubling existing ones on billions of containers. Buyers could get the deposits back, as usual, by turning in the empty containers.
If Gov. Arnold Schwarzenegger signs the measure into law, consumers will pay an estimated $295 million more per year on beverage containers, according to the state Department of Conservation. The governor has not taken a public position on the measure, which would create no new environmental programs.
Opponents call the Legislature's proposal a hidden tax, the product of years of botched fiscal management. ...........(more)
The complete piece is at:
http://www.latimes.com/news/local/la-me-bottle-deposits28-2009sep28,0,5778855.story