State Obscures Extent of a Half-Billion-Dollar Surplus of Unredeemed CRV Deposits As Redemption Rate Stays Stuck at 58%, Consumer Watchdog Says

Los Angeles, CA —The rate at which consumers take bottles and cans for direct deposit refunds stands at 58.8% as of November, keeping California in third to last place among ten bottle deposit states.  Meanwhile unredeemed deposits in the state’s main beverage fund have swollen well past $500 million, a fact not easily gleamed from reports filed by CalRecycle, the state’s recycling regulator.

Source: State Obscures Extent of a Half-Billion-Dollar Surplus of Unredeemed CRV Deposits As Redemption Rate Stays Stuck at 58%, Consumer Watchdog Says