Posted on 01/13/2004 8:42:05 PM PST by calcowgirl
Edited on 04/13/2004 2:45:27 AM PDT by Jim Robinson. [history]
Sacramento -- If lawmakers approve the budget just proposed by Gov. Arnold Schwarzenegger, the state will face a $6 billion budget shortfall starting in the 2005-06 fiscal year, double what the governor predicts, the independent legislative analyst said Tuesday.
Elizabeth Hill, who provides nonpartisan budget advice to the Legislature, said Schwarzenegger's budget is a solid starting point, but she cautioned that the Legislature should examine all possible solutions, including taxes, when deciding how to deal with the state's finances.
(Excerpt) Read more at sfgate.com ...
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