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Keyword: 2002budget

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  • Governor (Davis-CA) asks budget panel to find $1 billion more

    06/17/2002 5:08:29 PM PDT · by randita · 46 replies · 744+ views
    Sacramento Bee ^ | 6/17/02 | Alexa Haussler
    <p>SACRAMENTO (AP) - Gov. Gray Davis has asked the committee scraping to fill a $23.6 billion budget hole to find $1 billion more -- with cuts or tax increases -- to boost emergency reserves and protect California's credit.</p> <p>Now, after two full weeks of meetings, the Conference Committee on the Budget must decide how to come up with about $5.5 billion. That includes $1 billion reserve, about $1 billion in additions the panel has made to the budget and roughly $3.5 billion in car and cigarette tax increases proposed by Davis last month.</p>