Posted by Jon Fleischman at 12:00 am on May 14, 2009 Comments Off on Governor Releases Proposed Cuts In State Spending
In the interest of getting
into out to readers quickly, I will throw this information from the
Governor’s Offce without comment for now…
STATE BUDGET MAY REVISION 2009-10:
TWO BUDGET SCENARIOS
FACED WITH TWO POTENTIAL DEFICIT NUMBERS THE GOVERNOR IS PREPARED
TO TACKLE BOTH
“Californians have a right to know the truth about the problems
our state is facing and the steps we would have to take to solve
our deficit.” (Gov. Arnold Schwarzenegger, 5/14/09)
The global recession has caused California’s revenues to
continue their plummet, leaving our state with a $15.4 billion
shortfall that could get worse in a matter of days. If the $5.8
billion in February budget solutions are rejected on the May 19
ballot, our budget deficit will increase to $21.3 billion – forcing
unprecedented actions that will affect every Californian.
Today, the Governor is releasing two May Revision proposals
because he believes the people deserve to know what steps must be
taken to balance our budget in both scenarios. While both will be
painful, if Propositions 1A-1F fail, California will be faced… Read More