By Torey Van Oot
Gov. Arnold Schwarzenegger said Thursday he will call legislators into a special session to attempt to close the current-year budget deficit in his final month in office.
"I know this will be difficult, but as we know from experience, putting off the hard decisions to bring spending in line with our revenues only makes solving the problem more difficult," Schwarzenegger said in a statement.
The announcement came one day after the nonpartisan Legislative Analyst's Office projected that the deficit will climb to $25.4 billion by June 30, 2012. The estimate included a $6.1 billion shortfall in the current fiscal year, attributed in part to overly optimistic assumptions for spending reductions and federal aid included in the record-late spending plan passed last month.
Read more: http://www.sacbee.com/2010/11/12/3179201/schwarzenegger-calls-special-session.html#ixzz156KqWhrv
No comments:
Post a Comment