On one hand, California lawmakers have no money for various projects. On the other, they have a lot of money to dole out... and soon.

Thus is the odd lay of the land in the news this week at the state Capitol, and the focus of this week's Capital Notes Podcast.

Capitol Weekly's Anthony York and I take a look at the infamous budget "trigger" debate as well as the first public hearings about how California will spend tens of billions of dollars in federal stimulus money.

Play audio:
Audio player needs Flash9+ (download) and JavaScript.