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  • Gov. Schwarzenegger's Proposed Budget At A Glance

    01/10/2004 4:15:15 AM PST · by calcowgirl · 3 replies · 46+ views
    ktvu.com ^ | January 9, 2004 | Associated Press
    Highlights of Gov. Arnold Schwarzenegger's first budget:* Size: $99.1 billion all funds, same as last year. Largest sectors: * K-12 Education, $30.3 billion * Health, Human Services, $24.6 billion * Community Colleges, Universities, $8.7 billion Major revenue sources: * Personal income tax, $38 billion * Sales tax, $25 billion. * Corporate taxes, $7.6 billion Revenue forecast from taxes and licenses: * Up $2.9 billion from this year. Cost Cutting, transfers and savings: * $14.3 billion Includes: * $4.6 billion in general fund spending cuts -- $999 million from the state business, housing and transportation agency, $880 million from Medi-Cal health...