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The Sacramento, CA Online Community | Sacramento, CA Discussion | Politics | California | Topic: Work Continues on Missed Budget
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Eric
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« on: July 02, 2007, 04:53:08 PM »

Work Continues on Missed Budget

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State lawmakers are back at work today trying to agree on a budget.

They missed the July 1 beginning of the fiscal year. Republicans say they want to close the state's chronic operating deficit without raising taxes. But that would require Democrats to approve $2 billion more in cuts than Governor Schwarzenegger has proposed.

Friday, the four Democrats on the budget committee voted for a $140 billion state spending plan that is similar to the one Schwarzenegger released last month. It balances revenue and expenses in part with the help of billions of dollars from a tax windfall from previous years.

The two Republicans on the committee voted against it, leaving it up to party leaders and Schwarzenegger to hash out a deal.

With the deadlock, the state began the new fiscal year Sunday without a budget for the 17th time in 21 years.

http://www.news10.net/display_story.aspx?storyid=29824
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TonySinclair
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« Reply #1 on: July 05, 2007, 12:15:06 PM »

Oh, is it July already? I guess it is that time of year again. Wink
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