July 24, 2009
California Governor Arnold Schwarzenegger said he supports the plan the Legislature approved today to erase a $26 billion deficit that pushed the most-populous U.S. state to the brink of insolvency.
The Senate and Assembly passed the package of more than two-dozen bills though a marathon 18-hour session. Schwarzenegger told reporters afterwards that he will sign the [...]
July 3, 2009
SACRAMENTO — For just the second time since the Great Depression, California began paying some of its bills with IOUs Thursday, as this year’s version of the state’s annual budget battle dragged on.
The IOUs began going out a few hours after state financial officials set a 3.75 percent interest rate on them, along with a [...]
July 1, 2009
Breaking Now on SacBee.com:
Gov. Arnold Schwarzenegger today said he will reinstitute “furlough Fridays” for state workers and ordered a third furlough day each month through June 2010 next year.
At a morning press conference, the governor also repeated his refusal to sign any piecemeal budget bills to avoid IOUS and said he will not sign bills [...]
June 29, 2009
I guess the parents better make sure that little Sally and little Johnny have gone potty before going to their local park. Otherwise, they are gonna have a problem come next week.
Starting next week, finding a bathroom to use at a Sacramento park will be a lot tougher. Budget cuts are forcing city leaders to close the [...]
June 7, 2009
Could the flat tax come to California?
Gov. Arnold Schwarzenegger said today that he would like to see such “radical” proposals come out of a commission now studying an overhaul of the state’s tax system. The governor told the editorial board of the Sacramento Bee that he hoped the commission would not be afraid to propose [...]
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