SACRAMENTO, Calif. (AP) -- The California Senate has approved a plan to close the state's $26 billion budget deficit, giving a glimmer of hope after weeks of fiscal gloom.
The complex package of 31 bills is still being debated in the Assembly.
Failure to pass any one of the bills could jeopardize the entire deal, potentially sinking California further into fiscal chaos.
Senators struggled through the early-morning hours Friday to get enough votes to pass the more controversial measures, including taking billions of dollars from cities and counties.
The compromise plan before the 80-member Assembly and 40-member state Senate was announced Monday by Gov. Arnold Schwarzenegger and party leaders of each house.
It eliminates nearly 60 percent of the deficit with spending cuts to core state services.
Showing posts with label BUDGET. Show all posts
Showing posts with label BUDGET. Show all posts
Friday, July 24, 2009
CA finally getting a budget
Labels:
billion,
bills,
BUDGET,
California,
debt,
deficit,
Schwarzenegger
Saturday, July 18, 2009
CA PLANNING A CAR SALE?
"SACRAMENTO, Calif. (AP) -- The state of California is planning to have a giant used car sale next month.
Gov. Arnold Schwarzenegger announced plans Friday to sell off 15 percent of the state's approximately 40,000 light vehicles, a step officials said would generate $24.1 million over the next year.
The announcement comes as state officials are trying to erase a $26.3 billion budget deficit.
Schwarzenegger spokesman Aaron McLear said the idea for the sale came from state employees, who provided tips about workers taking home vehicles when they shouldn't and other cars sitting unused in state garages.
The sale will be held Aug. 28 and 29 in Sacramento."
THIS IS FROM AN AP NEWS ARTICLE
Gov. Arnold Schwarzenegger announced plans Friday to sell off 15 percent of the state's approximately 40,000 light vehicles, a step officials said would generate $24.1 million over the next year.
The announcement comes as state officials are trying to erase a $26.3 billion budget deficit.
Schwarzenegger spokesman Aaron McLear said the idea for the sale came from state employees, who provided tips about workers taking home vehicles when they shouldn't and other cars sitting unused in state garages.
The sale will be held Aug. 28 and 29 in Sacramento."
THIS IS FROM AN AP NEWS ARTICLE
Labels:
BUDGET,
California,
CARS,
LIGHT VEHICLES,
Mazen Hafez,
parked cars,
SACRAMENTO,
Schwarzenegger
Subscribe to:
Posts (Atom)