Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $59,959
74%  
Woo hoo!! And we're now over 74%!! Thank you all very much!! God bless.

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  • Wall Street wary about bonds passed - 38 cities will challenge Prop. 57 repayment plan

    03/04/2004 12:33:13 PM PST · by calcowgirl · 7 replies · 110+ views
    UNION-TRIBUNE STAFF WRITER ^ | March 4, 2004 | Ed Mendel
    SACRAMENTO – While Gov. Arnold Schwarzenegger declared that voter approval of his fiscal ballot propositions means "California is back on track," Wall Street analysts yesterday said it's a mixed blessing that may allow lawmakers to go back to their bad habits. Standard & Poor's, a major credit-rating agency, said the $15 billion bond measure passed Tuesday provides enough additional money to allow lawmakers to postpone painful decisions about spending cuts and tax increases needed to bring the state budget back into balance. Meanwhile, the state's financial picture may become more complicated by a lawsuit to be filed today by 38...