Have you ever thought about where the money comes from when you go to a recycling center to get cash for your cans and bottles?
When debt is built up, the money to compensate for that has to be found somewhere. Well the state of California has found where to do such thing. The state is taking back the $480 million it gave to the Beverage Container Recycling fund to covers its bills. Or they call it a “loan”. This is not the first time this has happened. Since 2003, more than $560 million has been transferred from the recycling fund into the general fund. All as “loans” that are supposed to be paid back.
The money that has been taken from the recycling funds goes towards paying people who return empty bottles and covers the costs of collecting and sorting containers. The money give back to people at recycling centers differs from place to place but it is based on cents per pound. Without these funds, the processing fees for beverage manufactures increases.
Article submitted by Nicole.