In a report dated April 11, 2012, the California Legislative Analyst's Office (LAO) presented an "Overview of the Beverage Container Recycling Fund." The report highlights the continuing structural deficit in the Beverage Container Recycling Fund (BCRF) and states that the "BCRF’s reserves will ultimately be depleted, and the fund is projected to face insolvency in 2014-15, absent corrective action."
According to the LAO, the "breakeven" recycling rate "where expenditures equal revenues is about 72 percent. The recycling rate has increased from 58 percent in 2003-04 to 85 percent in 2010-11."
The report states that although "the BCRF is currently operating with a structural deficit (operating expenditures exceed revenues by around 12 percent)", it remains solvent mainly "due to the repayments of loans made from BCRF to the General Fund."
You can find the full report at http://lao.ca.gov/handouts/resources/2012/Overview_of_BCRF_04_11_12.pdf





