Governator Signs Calif. Trans Fat Ban

(NEWSER) - The leader of California's Senate says he'll take Gov. Arnold Schwarzenegger to court for using line-item vetoes to slash another $500 million from the budget deal he was sent last week, the San Francisco Chronicle reports. Democrat Darrell Steinberg accuses Schwarzenegger of overstepping his authority by making the cuts. "We elected a governor, not an emperor," Steinberg says, warning that the balance of power in the state is being upset. More»

(NEWSER) - It’s not easy being an elected official in a time of crisis, but a select few governors are having a particularly tough time. And some of them are even trying to get reelected. Politico looks at the 5 worst-off states:

• California: No surprise here. The state's issuing of IOUs is just the one item on "a list of maladies longer than its famed coastline." At least Arnold Schwarzenegger can't run for another term.

Defeat leaves Governator facing massive service cuts

(NEWSER) - Californian voters soundly rejected five ballot measures that would keep the hard-hit state economically solvent until the end of the year, on a turnout of little more than 10%. The vote against extended tax increases and capped spending is a sharp rebuke to Gov. Arnold Schwarzenegger and state legislators who put together the last-minute budget deal, reports the San Francisco Chronicle. More»

Awaiting the governor's signature

(NEWSER) - The California legislature yesterday passed a bill banning all trans fats in restaurants and bakeries by 2011. It's now awaiting the signature of Gov. Arnold Schwarzenegger, who hasn't indicated whether he supports such an action. If passed, the new law would make California the first state to enact such a ban. A similar measure was implemented earlier this month in New York City. More»

Think Long Committee has the bucks to get measure on ballot, passed

(NEWSER) - A group of California billionaires is joining political insiders to put a $10 billion tax hike measure on the state ballot. Members of the Think Long Committee include billionaire Google chairman Eric Schmidt and philanthropist Eli Broad, as well as former governors Gray Davis and Arnold Schwarzenegger, and Condoleezza Rice. The group's plan is to boost tax revenue for education and to pay down the state's debt by relying on an "ideological hybrid" of ideas from both the right and the left, spokesman Nathan Gardels tells the San Francisco Chronicle . The proposal would lower California's personal income tax and sales tax rates, but impose a 5% tax on currently untaxed services such as legal work and accounting. Under the proposal, couples earning up to $45,000 would pay no state income tax; those earning up to $95,000 would pay 2%; and those earning more would pay 7.5%, with a 1% surcharge for Californians earning more than $1 million. More»