Yes, the Deficit Elephant Is Still in the Room

Saskal, Rich
March 2005
Bond Buyer;3/21/2005, Vol. 351 Issue 32094, Special section p72
Trade Publication
Focuses on the structural budget deficit experienced by the state government in California. Effort of Governor Arnold Schwarzenegger to encourage voters to authorize the multibillion dollar deficit in bonds; Proposition of the governor for budget cuts on some programs including borrowing from state transportation accounts; Plan Schwarzenegger to eliminate defined pensions for state government employees, to require merit pay for teachers and to change the redistricting process for federal and state offices.


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