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Schwarzenegger declares fiscal emergency in Calif.

Source: Charlotte Observer Online

Sacramento : CA : USA | 12 months ago

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Gov. Arnold Schwarzenegger declared a fiscal emergency Monday and called lawmakers into a special session to address California's $11.2 billion deficit. The state's revenue gap is expected to hit $28 billion over the next 19 months without bold action.

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Details of plans to tackle Calif's budget deficit

News Source: San Francisco Chronicle | 12 months ago

Here are snapshots of various proposals to close California's $11.2 billion budget deficit. Schwarzenegger proposed closing the deficit through the fiscal year that ends June 30 through a combination of tax increases and spending cuts: Tax increases:...
Schwarzenegger declares fiscal emergency

News Source: Los Angeles Times | 12 months ago

Governor orders the new Legislature in to work on its first day of the session to deal with California's dire finances...Democratic legislators again dismissed some of Schwarzenegger's proposals to ease labor rules on business in order to boost the...
Schwarzenegger declares emergency

News Source: CNN | 12 months ago

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New state Legislature; same old problems

News Source: The Orange County Register | 12 months ago

New state lawmakers are being sworn in today as the 2009-10 legislative session officially convenes at noon. I’d say it’s a “back to school” sort of day, but the Legislature never really left. What I’m referring to, of course, is...
Schwarzenegger calls special budget sessions

News Source: Sacramento Bee | 12 months ago

Gov. Arnold Schwarzenegger greeted the newest legislative class today with two immediate special sessions dealing with an $11.2 billion budget shortfall and the state's economic slowdown. With California facing severe declines in tax revenues this...
Gov. Schwarzenegger declares fiscal emergency

News Source: The Californian | 12 months ago

Gov. Arnold Schwarzenegger's office has issued the following press release declaring a fiscal emergency for California and calling a special session of the legislature to address the budget crisis: After the previous legislature's inaction in both...