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