California is facing an estimated $14-billion budget deficit. Governor Arnold Schwarzenegger proposed a constitutional amendment that would impose a spending cap to keep the state from spending more than it collects. The governor will have to cut certain services to the poor, AIDS patients, and the elderly. The new budget will also increase insurance fees for millions of property owners.
The governor has made changes from previous proposals to give lawmakers more power to decide which programs would not be funded. It is estimated that the governor’s plan faces many challenges from Democrats. Republicans are in favor of this proposal.
Link: http://www.latimes.com/news/local/la-me-state9jan09,1,1073847.story?coll=la-headlines-california
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment