Burning cash and houses

By Sheel Tyle, Local CorrespondentSat, May 09 2009 at 6:52 PM EST

Wildfires are ravaging southern California.  Again.One of my best friends here at Stanford is from Santa Barbara, Calif.  While her house has been saved, many of her friends from back home have evacuated their homes due to California's annual misery.
 
Droughts have plagued California and caused deadly wildfires for the past 10 years, at least.  Hundreds of thousands of acres have been burned and thousands of homes have been destroyed.  Lives have been uprooted all over southern California.
 
Fiscally, the state is in dire straits. Last year, according to the Sacramento Bee, more than 2,000 California wildfires scorched more than 1.3 million acres and produced far and away the most expensive firefighting season in state history. Last year's fiscal budget for wildfire costs was $82 million, but the state ended up spending $518 million. Only $146 million was reimbursed by the federal government for work by state crews on federal lands. 
 
This year could turn worse quickly. About $388 million of the budgeted $437 million has already been spent, and the summer months have yet to commence. With California's budget in a teetering state, the governor has proposed a 2.8 percent property insurance increase to help pay for the rapidly rising costs of wildfires. 
If this season turns out to be as bad as last year's, another punch would be thrown at California's already weak budget infrastructure.
 
Photo: Wildfires ravage southern California ... again. (Keith D. Cullom/Associated Press)
 
The opinions expressed by MNN Bloggers and those providing comments are theirs alone, and do not reflect the opinions of MNN.com. While we have reviewed their content to make sure it complies with our Terms and Conditions, MNN is not responsible for the accuracy of any of their information.
Previous Post
A tall order
   Next Post
Sir, very hot, sir

Comments

Follow this conversation View:

anonymous
Cash For Houses 10/30/2010 09:46 AM

The term being bantered about is robo-signing, meaning the individuals responsible for signing documents to seize homes in foreclosure didn't read or verify the documents that they signed.

anonymous
Cash For Houses 10/30/2010 09:45 AM

The term being bantered about is robo-signing, meaning the individuals responsible for signing documents to seize homes in foreclosure didn't read or verify the documents that they signed.

Add your comment

Sign in with one of these accounts or just add your comment below.
Used only for emailed comments and will not be displayed with your post
Notify me with an email when other people comment on this article.
The posting of advertisement, profanity or personal attacks is prohibited.
Click here to review our Terms of Use

EDITORS' PICKS

tease to asteroids

tease to pet facials

tease to emotional eating

ADVERTISEMENT

ADVERTISEMENT