Budget deal would close California's deficit but makes rosy projections
Shane Goldmacher"Reporting from Sacramento The budget deal that state legislators are scheduled to vote on Thursday would close California's $19.1-billion deficit by cutting state worker pay, trimming public school funding and relying heavily on handouts from Washington, according to new details released Wednesday and if approved, it would fall out of balance almost the moment the ink dried. "The spending proposal, which would not necessarily stave off the need for IOUs to be issued this year, also includes the sale of state buildings to generate money, rosy revenue assumptions and a relative windfall for higher education, one of the few areas that would see increased funding. "After more than a three-month negotiating impasse during which Democrats dug in against deeper cuts and Republicans vowed to block tax hikes, leaders also agreed to trim spending on in-home care for the elderly and infirm, slightly reduce child care services and take more than $1 billion from state prisons." Read on...
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"Budget deal would close California's deficit but makes rosy projections", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), juillet 2010. Consulté le 22/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/budget-deal-would-close-california-s-deficit-but-makes-rosy-projections