Posted on 07/28/2009 7:43:40 AM PDT by SmithL
Gov. Arnold Schwarzenegger is expected to line-item veto more than $600 million in state programs to rebuild California's reserve fund when he signs a budget revision today.
The cuts will not include a fourth state worker furlough day, Schwarzenegger's office said Monday.
The governor's signature on an $85 billion general fund budget should conclude California's months-long dispute over how to bridge its latest shortfall and, leaders hope, ultimately end the state's reliance on IOUs.
Schwarzenegger will exercise his line-item veto authority after the Assembly last week rejected nearly $1.1 billion in solutions that legislative leaders and the governor had negotiated behind closed doors.
By rejecting bills to approve an offshore oil drilling lease and to take local gas tax money, the Assembly wiped out a proposed $918 million reserve and left the budget plan unbalanced. The Assembly understood that the governor would cut enough today to balance the budget and rebuild the reserve.
"The governor is playing the hand he was dealt," said Department of Finance spokesman H.D. Palmer. "The budget we got on Friday erased the reserve in the agreement and put us under water, so the governor has no choice but to use his line-item veto authority."
(Excerpt) Read more at sacbee.com ...
what needs to happen is the assembly and senators all need to be fired.
Aaaahnold stuck his pen into the pencil sharpener?
Ah nold prob would try to sharpen a pen
Arnold is a little late. He should have done this immediately on taking office.
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