TITLE

California Budget Talks Lose Ground

AUTHOR(S)
Murphy, Gavin
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/7/2004, Vol. 349 Issue 31920, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that California governor Arnold Schwarzenegger is exhorting lawmakers on spending plan after budget negotiations imploded when local government officials accused the governor of reneging on a deal to protect them from spending cuts. Governor's pledge for a ballot measure that would forbid state incursions into local tax sources and reject unfunded mandates on local governments; Governor's compromise deal with Democrats that would allow raids on city and county funds during fiscal emergencies; Impact of budget blowup on trading in California general obligation bonds.
ACCESSION #
13746095

 

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