California is sitting on a $600 million pile of unclaimed nickel and dime deposits on recyclable cans and bottles and now wants to give some of that back to consumers.
By 2025, the company wants every customer to be able to either use their own mug easily or borrow a ceramic or reusable to-go mug.
California's doubling of refunds would be temporary - a duration for the change has yet to be decided - and is expected to cost $100 million. If approved by the Legislature the refund increase would take effect sometime during the next fiscal year that starts July 1. To increase access, Newsom's administration proposes spending $100 million on grants to add about 2,000 automated recycling machines, also known as reverse vending machines, at high schools, colleges and retailers. Consumers dump their empty containers into the machines, which issue a refund.
Sanborn blamed the closure of many California recycling centers on the state's failure to quickly adjust its complicated payment formula to meet changing market conditions. Recycling officials had expected beverage consumption to drop during the pandemic, as it does during most economic downturns, Wagoner said. Instead, container sales in California increased by 2.5 billion over three years, to 27 billion last fiscal year, meaning a record number of deposits flowing into the state's recycling fund.
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