Posted on 10/21/2008 5:24:18 PM PDT by NormsRevenge
SACRAMENTO – Barely a month after lawmakers passed an overdue state budget, Gov. Arnold Schwarzenegger will call them back to Sacramento to tackle California's worsening economy and revenues that already are $3 billion lower than expected.
The administration said the special legislative session will work on two levels, addressing the shortfall in this year's budget and debating how to stimulate California's economy.
During a news conference Tuesday in Southern California, Schwarzenegger said state government should try to help struggling homeowners avoid foreclosure and put billions of dollars in voter-approved infrastructure bonds to use.
“I think it is the best thing we can do because we don't want to wait until the new year to fix some of the problems,” Schwarzenegger said during an appearance at California State University, Dominguez Hills.
He did not set a date for lawmakers to reconvene, but aides said the budget crisis is so severe that a special session must be called before the new Legislature is sworn in Dec. 1. Schwarzenegger said leaders will continue to meet weekly to get updates on the state's fiscal condition so they can “march in the same direction.”
(Excerpt) Read more at signonsandiego.com ...
“march in the same direction.”
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Jaaa.
I know... raise the taxes! That'll teach them rich folks...
Let them sink in their own mess.
They could get in the black by drilling for oil and dropping some of the stupid anti business permit laws, but no instead they want us to send them money.
They should correct their own mistakes.
Saw Swarzy in Predator a few days ago. He should have stayed with what he knew.
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