California Governor Touting Reforms, But Not for Budget

Saskal, Rich
March 2005
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p1
Trade Publication
The article reports that when California Governor Arnold Schwarzenegger launched a petition-signature gathering campaign for his reform proposals this week, his budget reform plan was absent. While the governor endorsed proposed ballot measures to reform education, pensions, and redistricting, he made no announcement about budget reform, the fourth and final pillar of the "Year of Reform" he announced in January, 2005. Administration officials have touted the proposal as a way to impose spending discipline needed to move the state out of its single-A bond rating purgatory.


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