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Congress pulls back state aid package, leaving a $2-billion hole in California budget

The Los Angeles Times, 3 June 2010
Publié le : 3 juin 2010
 Richard Simon and Evan Halper 
"Reporting from Washington and Sacramento With the federal deficit a growing political liability, lawmakers in Congress are backing off plans to send more aid to financially strapped states, putting in jeopardy billions of dollars that California and others were counting on to balance their budgets. "The potential loss of funds is a significant setback for Gov. Arnold Schwarzenegger and state lawmakers, who may not see nearly $2 billion in federal assistance that they intended to use to help bring California out of the red." "The money was to be California's share of $24 billion in proposed assistance, mostly to cover healthcare spending, spread among all states. Budget experts say that is enough to wipe out about one-fourth of the combined state budget shortfalls." Read on...
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Mise à jour le 3 juin 2010
Créé le 3 juin 2010
ISSN 2107-7029
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