Sans Budget, Arnold to Slash Calif. Workers' Pay

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• Schwarzenegger Signs Calif. Budget, Finally

  Sep 23, 08 2:36 PM CDT
  Arnold Schwarzenegger signed California’s budget into law today, ending a record 85-day delay, the Sacramento Bee reports. The state has been waiting for the governor’s signature on the $103.4 billion plan to restart payments to nursing homes, community colleges and other service providers. California is expanding the state’s lottery in a gambit to avoid repeating this year’s $15.2 billion budget shortfall. More »

• Weary Calif. Lawmakers Finally OK Budget

  Sep 19, 08 8:48 PM CDT
  California lawmakers finally approved a state budget today that Gov. Arnold Schwarzenegger called "nothing to celebrate," the Sacramento Bee reports. Eighty-one days late, the $104.3 billion plan boosts social services and education but cuts back on schools and health care, the Los Angeles Times reports. It also failed to address long-term financial problems, critics say.
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• Deal Ends Budget Impasse

  Sep 19, 08 1:55 AM CDT
  Gov. Arnold Schwarzenegger and the California state legislature have ended a nasty budget showdown with a compromise expected to be approved today, reports the San Francisco Chronicle. The agreement eliminates extra withholding from workers' paychecks, and bridges a $17 billion budget gap largely  by adding penalties on corporations that underpay quarterly taxes and reducing reserve funds.The deal ended an 80-day stand-off in which Schwarzenegger threatened to veto the budget—and lawmakers threatened to override his veto. 
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• Governator Vows Veto Volley in Budget Battle

  Sep 17, 08 4:15 AM CDT
  California Gov. Arnold Schwarzenegger is heading for a dramatic and potentially humiliating showdown with the state legislature over the budget, reports the San Jose Mercury News. Schwarzenegger plans to veto the budget which largely relies on accounting sleight-of-hand to close a $15.2 billion shortfall. Legislators say they have enough votes for the first veto override in 30 years.
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• Calif. Budget Deal Pays '08 Debt With '09 Taxes

  Sep 15, 08 9:21 AM CDT
  California lawmakers have finally come to an agreement on the new state budget, ending a stalemate in which Republicans refused to add new taxes and Democrats fought against cutting funding for education and health care. The compromise sees the state using next year's money to pay off its current debts, writes the Los Angeles Times.
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