Dec 14, 2007

Budget action star

The Sacramento Bee reports that Gov. Arnold Schwarzenegger will declare a "fiscal emergency" next week, which will allow him to fast-track mid-year budget cuts to close an anticipated budget deficit of between $10 billion and $14 billion.

This is the first time Schwarzenegger has made such a declaration since voters passed Proposition 58 in 2004.

1 comment:

Miss Havisham said...

My, my, my. It appears everyone is having a "fiscal emergency" these days. How convenient.