Posted on 07/27/2004 9:41:44 AM PDT by NormsRevenge
SACRAMENTO - Arnold Schwarzenegger and legislative leaders struck a budget deal late Monday on a $100 billion-plus spending plan, ending the partisan stalemate that had stymied the rookie governor for nearly a month.
In rapid succession, budget negotiators knocked off the final obstacles to a compromise that does not raise taxes but relies on an unprecedented level of borrowing to narrow California's chronic gap between spending and revenue.
Standing together after a week of bitter exchanges, in which the governor referred to lawmakers as ``girly-men,'' Schwarzenegger and legislative leaders said they expect final passage of their deal before the end of the week.
``I'm a very happy governor today because we just have agreed on a budget,'' a beaming Schwarzenegger said at a hastily called 10:50 p.m. press conference. ``It's a budget that California needs and that the people of California deserve.''
(Excerpt) Read more at mercurynews.com ...
uhhmmmm hmmm..
It is the largest state budget ever,, they use the term over 100 billion.. why not say it.. IT is 102.8 billion... for criminy sake.
I wonder if he said that with a straight face.. as a multitude of local parcel taxes and other revenue generating measures are prepared across the state.
Welcome to the latest Ponzi budget concept.
And what's been officially cut ?
I'd gladly pay you Tuesday for some big, fat, teachers pensions today.
what's been officially cut...? my wrists. (just kidding) ;-)
little and don't expect much from the veto pen...
Maybe if the veto pen was in the shape of a cigar, Arnold would at least hold one in his hand. We'll see.
Give Arnold a D+. Very disappointing. Only small comfort is that Gumby would have spent $115 billion, raised taxes -- not just a few fees but property and income taxes -- and called THAT a "compromise" too.
Cripes.
"Beware the greedy hand of government, thrusting itself into every corner and crevice of industry." -- THOMAS PAINE
"Industry"? What's that? This is California under the thumb of two decades of nearly unbroken Democratic Legislatures. We haven't allowed "industry" here for quite some time -- but we DO export it to Nevada, Arizona, Texas, Colorado ...
Yes, it has been the biggest growth industry for too mnay years of late.
It's high time to throttle back the operations a bit,, actually a whole bunch. ;-)
No, I am sure the Republicans would have told Davis (or whatever Demcrat) to drop dead on more taxes. Gridlock. At which point California could have hastened its natural progression toward insolvency. All Arnold is doing is slowing the process down and making it more excruciating.
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