Saturday, December 15, 2007

CA Budget Emergency & Carnival Reminder!

Schwarzenegger to Declare an Emergency Over Budget
Published: December 15, 2007

LOS ANGELES — With several costly policy problems awaiting a legislative repair, Gov. Arnold Schwarzenegger said Friday that the state’s budget deficit had grown to between $10 billion and $14 billion and that he would call for a state of fiscal emergency next month.


The deficit stems from a variety of factors, including the state’s heavy debt, the governor’s decision to cut a fee on cars and trucks when he came into office — which removed billions of dollars annually from state coffers — and the mortgage crisis and weakness in the housing market that have caused budget problems in other states.


The impact of declaring a state of emergency is limited. It would prompt a special session after the regular session begins in January and would require lawmakers to present Mr. Schwarzenegger with a bill to address the shortfall within 45 days of the declaration. But he is not required to sign it.

Mr. Schwarzenegger will meet legislators next week to discuss the budget.

The shortfall occurs as Mr. Schwarzenegger pursues an agenda that includes a comprehensive water management program and a health care plan to cover all Californians, at a price tag of about $14 billion.


On another note, anyone interested in participating in the latest Carnival of Feminists should think about getting their submissions in soon! I've got some good stuff already, but I'd love to have more, and we've only four days to go! You can email me directly at; serenity DOT sedai AT gmail DOT com

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