<p>Arnold Schwarzenegger's top fiscal adviser says he is drawing up several budget options that would avoid new taxes while imposing spending cuts that he insists won't cause widespread hardship.</p>
<p>John Cogan, the conservative Stanford University economist who also drafted George W. Bush's tax cut proposal during the 2000 presidential campaign, said in an interview that the cutbacks needed to wipe out California's budget deficit would still leave spending significantly higher than in 1999.</p>
