Guy Kovner, THE PRESS DEMOCRAT
A little-known state agency that has poured $68 million into Sonoma County conservation projects is running low on cash and planning to scale back its mission of protecting and enhancing vast forests and coastal lands.
Down to its last $150 million, the State Coastal Conservancy has spent most of a nearly $1 billion pot of bond funds approved by California voters and is preparing to get by with no new bond measures for the next 10 years.
The conservancy, which has helped purchase about 40,000 acres in Sonoma County, is no longer likely to help swing big deals like the $24.5 million Preservation Ranch purchase it supported with a $10 million grant earlier this month.
via State's Coastal Conservancy runs low on cash after local deals | PressDemocrat.com.