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$2 billion

Worth of a bond that California lawmakers approved back in 2016 to help finance new housing for the homeless. Not a penny has been spent as the issue of how the debt will be repaid plays out in court.

Worth of a bond that California lawmakers approved back in 2016 to help finance new housing for the homeless. Not a penny has been spent as the issue of how the debt will be repaid plays out in court.

Caroline Cournoyer is GOVERNING's senior web editor.
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