California state budget
Gov. Arnold Schwarzenegger on Thursday announced a special session of the Legislature to take up a $6 billion deficit that emerged just weeks after he signed the state budget.
Even as California lawmakers passed a budget Friday to end an unprecedented 100-day impasse, their spending plan looked to be so tenuous that the next governor was expected to face a multibillion dollar deficit from the moment he or she steps into office next year.
Governor Schwarzenegger said pension reform will save the state $100 billion over the next few decades in a news conference Friday morning.
Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California’s record-long budget stalemate after 93 days.
Gov. Arnold Schwarzenegger and legislative leaders met after a two-day hiatus Thursday in an attempt to break the state’s budget impasse but failed to reach agreement on closing the $19 billion deficit.
Nearly a quarter of the way through California’s fiscal year, legislative leaders and Governor Arnold Schwarzenegger still were struggling to end the state’s record budget impasse and make long-term reforms.
Gov. Arnold Schwarzenegger and legislative leaders have canceled their scheduled budget talks, continuing a record-long impasse over enacting a state spending plan.
Nearly a quarter of the way through California’s fiscal year, legislative leaders and Gov. Arnold Schwarzenegger are scheduled to resume negotiations over closing the state’s budget deficit.
SACRAMENTO, Calif. (KCBS)_ For only the second time in 34 years, state lawmakers have reached September without passing a budget.
SACRAMENTO, Calif. (KCBS)_ $3 billion in road construction projects around the state may have to be put on hold. A state budget impasse is forcing Caltrans to re-think some of its spending decisions.