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Home / CA: Dems Don’t Like Gov’s Budget PlanCA: Dems Don’t Like Gov’s Budget Plan
Last Updated on Wednesday, 9 January 2008 12:14 Written by rslcpol Wednesday, 9 January 2008 12:14
SACRAMENTO – Faced with a deepening fiscal crisis, Gov. Arnold Schwarzenegger revealed plans Tuesday for a massive budget overhaul and a reform effort relying on spending caps, rather than tax increases, to reduce California’s long-term financial woes.
In his fifth State of the State address, Schwarzenegger proposed a constitutional amendment that would smooth out state spending growth to match 10-year averages in an effort to avoid the volatility that has characterized the state budget in the last eight years.
This entry was posted on Wednesday, January 9th, 2008 at 12:14 pm and is filed under State Legislature News.
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