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To: calcowgirl

http://www.signonsandiego.com/news/state/20041104-1128-ca-financedirector.html
Governor names ex-Congressman Tom Campbell finance director
By Tom Chorneau
ASSOCIATED PRESS

Former Bay Area congressman Tom Campbell, left, smiles during a Capitol news conference where Gov. Arnold Schwarzenegger announced his appointment as the new Finance Director, Thursday.

SACRAMENTO – Tom Campbell, a former Bay Area congressman and dean of the business school at the University of California, Berkeley, was named Thursday as state director of finance by Gov. Arnold Schwarzenegger.

Campbell, who also served a term in the state senator in the mid-1990s, is considered a good fit with the moderate Schwarzenegger, although both told reporters at a Capitol press conference they have no plans to raise taxes to solve the state's fiscal problems.

"My advise to the governor is not to have any tax increase," Campbell said. "That's what will drive businesses out of our state. I want businesses to come back to our state."

Besides holding a Ph.D. in economics from the University of Chicago, Campbell has a law degree from Harvard. He was named dean of the Haas School of Business at UC Berkeley in 2002 after losing a bid for the U.S. Senate in 2000 against Democratic Sen. Dianne Feinstein.

Campbell has also been counseling Schwarzenegger on fiscal policies as a member of Schwarzenegger's Council of Economic Advisers.


2 posted on 11/04/2004 1:30:26 PM PST by calcowgirl
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To: calcowgirl

From the longer AP version...

http://www.kansas.com/mld/kansas/business/10100161.htm

(snip)

Campbell has also been counseling Schwarzenegger on fiscal policies as a member of Schwarzenegger's Council of Economic Advisers.

Elected five times by voters in what was once one of the Bay Area's few Republican strongholds - Santa Clara County's 15th Congressional District - Campbell now takes on a daunting chore.

Although California's economy is slowly improving, state spending continues to outpace tax collections. Voters approved a $15 billion bond measure last spring that allowed the administration to refinance about $9 billion in short term loans, but the state faces a deficit in 2005-2006 estimated of up to $10 billion.

Neither Schwarzenegger nor Campbell gave any details about how they plan on solving the state's problems without new taxes, but the governor indicated that instead of cutting funding for major programs he will try to trim the rate of increase given for such services as education and health care.

"We are not going to spend less than we did last year," Schwarzenegger said. "We are going to spend more no matter how we put it, but in a disciplined way so that we don't spend more than the state takes in."

Like the governor, Campbell has a reputation for playing politics across party lines. In 1997, while in Congress, he angered fellow Republicans when he voted against Newt Gingrich for speaker; the same year disappointed Democrats by voting to impeach President Clinton for lying about the Monica Lewinsky affair.

Campbell replaces Donna Arduin in the position, who stepped down last month for personal reasons.


3 posted on 11/04/2004 1:32:44 PM PST by calcowgirl
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