[Lancey Howard]

Schwarzenegger's $103 billion budget, released last week, imposes about $5.4 billion in spending cuts and savings

So.... the budget is smaller than last year's budget by $5.4 billion, right?

[heleny]

Schwarzenegger's $103 billion budget, released last week, imposes about $5.4 billion in spending cuts and savings

So.... the budget is smaller than last year's budget by $5.4 billion, right?

NO!

That caught my eye, too. This budget proposal is $103 Billion, according to last Friday's Union Tribune. Last year's budget was $99 Billion when passed by the legislature. Gray Davis didn't make any significant changes. (IIRC, he used his line-item veto power to correct some minor calculation errors.)

Perhaps the spending "cuts" are reductions from a projection of increased spending?