California Approaches a Deal on Budget Cuts - NYTimes.com

New York Times by Jennifer Steinhauer | Jul. 16, 2009 (News Report)

California lawmakers neared a deal on Wednesday with Gov. Arnold Schwarzenegger to close the state’s $26 billion budget gap in ways that would profoundly alter the state’s relationship with its cities and millions of residents who receive basic services.

Details emerging from the talks suggested that the deal would require extraordinarily deep cuts to school systems and local governments, and, while far smaller than the governor threatened a ... Full Story »

Posted by Samuel W. Velsor IV

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Subjects: U.S., Politics, Business, Extra
Topics: U.S. Economy, Money and Politics, California
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Posted by: Posted by Samuel W. Velsor IV - Jul 16, 2009 - 2:40 AM PDT
Reviewed by: Samuel W. Velsor IV (review)
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Edited by: Samuel W. Velsor IV - Jul 16, 2009 - 2:40 AM PDT

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Samuel W. Velsor IV
3.7
 by Samuel W. Velsor IV - Jul. 16, 2009

California has made its troubles due to constitutional restrictions on tax hikes. Their Constitution needs to be rewritten. The health care cuts are worse then bad.

The state’s education budget of nearly $52 billion seemed destined for another large hit, of about $1.5 billion, on top of large reductions earlier, officials said. Some ... More »

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