Selling California's Budget

Saskal, Rich
January 2005
Bond Buyer;1/12/2005, Vol. 351 Issue 32048, p1
Trade Publication
The article reports on the two-front budget war launched by California Governor Arnold Schwarzenegger to reform the state's budgeting system. But it's a uphill task, as getting a budget adopted in California has always been tough. To compound the problem, the reform proposals will add a degree of difficulty, as will the proposals that take on allies of the Democrats who control the Legislature. Schwarzenegger sent a mixed message by announcing a 2006 budget balanced with borrowing after launching a reform effort that will eliminate such borrowing.


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