Details emerge on no-tax California budget pact

[pinboy3niner]

(X-Post from LBN)


Details emerge on no-tax California budget pact
By DON THOMPSON (AP) – 1 hour ago

SACRAMENTO, Calif. — After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit.

Details of the agreement between Gov. Arnold Schwarzenegger and legislative leaders began emerging Saturday ahead of a vote by rank-and-file lawmakers planned for Thursday. If approved, it would end a budget stalemate that has already stretched for 94 days.

The state would cut about $7.5 billion in spending as part of the deal, down from the $12 billion Schwarzenegger proposed earlier this year.

To make up the shortfall, the agreement counts on an improving economy and the federal government to provide more money than previously projected.


http://www.google.com/hostednews/ap/article/ALeqM5jJ7uUDlO1sEo7K7bEfHpj4G7wuLQD9IJPORO3?docId=D9IJPORO3

[Kajsa]

1. We need to pass Prop. 25!

A simple majority for passing the state budget is
what we need!

[shanti]

2. amen!

no more budget impasses!

[Kajsa]

3. Thanks!

:) :hi:

[shanti]

4. no prob!

it's one of the biggest issues in this election, imo. :hi: