State staggers into new fiscal year with no solution on the horizon (women and children hardest hit)
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| <p>Sacramento -- California, operating entirely on borrowed cash, stumbled into a new fiscal year today soaked in red ink and with no rescue plan in sight as lawmakers and the governor missed the deadline to enact a new budget.</p><p>Without a budget, the state is unable legally to make $1.5 billion in payments this month to schools, community colleges, trial courts and vendors who supply the state with everything from pencils to cafeteria food.</p> |
On grim realities and escapismRethinking Proposition 13
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| <p>The budget mess comes with an opportunity for California to address long-ignored inequities in its tax structure. It will force the state -- voters and elected officials alike -- to consider the unpopular and the untouchable as ways to drag ourselves out of the state's fiscal bog.</p> |
(CA) Lawmakers say earlier patch job set stage for current plan (games with CALPERS)
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| <p>SACRAMENTO - Just last September, Gov. Gray Davis signed the current $99 billion state spending plan after the Legislature had filled a $23.6 billion hole.</p><p>The budget followed an unprecedented two-month stalemate. Even then, lawmakers knew that more red ink would be flowing over the Capitol.</p> |
Davis slices $21 billion in spartan budget plan-...would reduce state spending to pre-'99 level
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| <p>Sacramento -- On a grim, drizzly Friday, Gov. Gray Davis proposed an equally grim budget that cuts state spending by nearly $21 billion, increases taxes by $8.3 billion and hands off dozens of health and social programs to counties.</p><p>If enacted by the Legislature, where it faces significant hurdles, the Democratic governor's proposal would reduce spending to less than California's 1999 budget.</p> |
Cities, counties reel under Davis proposal-State budget fixes gut local services, they say
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| <p>Local elected leaders Friday angrily called the governor's proposal to shift vital services to cities and counties -- while stripping those agencies of $4.2 billion in vehicle fees -- a "shell game" that might be legally challenged.</p><p>Officials were incensed that a key piece of Gov. Gray Davis' plan to fix the $35 billion state shortfall was to renege on a 1998 state promise to not slash the vehicle license fee revenues that local governments rely on to pay for critical public safety and health services.</p> |
2003 Budget Completes Big Jump in Spending
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| The Bush administration is poised to complete the biggest increase in government spending since the 1960s' "Great Society," the result of conducting the war on terrorism while substantially boosting the education and transportation budgets, according to a detailed analysis of government spending patterns... |
Senate Democrats Push 2003 Budget
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| Democrats began pushing a $2.1 trillion budget for next year through the Senate Budget Committee on Wednesday, saying it focuses on a goal President Bush ignores: halting the use of Social Security funds to create federal surpluses. But Republicans preparing to push a fiscal blueprint of their own through the House say their plan, which largely resembles Bush's 2003 budget, has the right priorities. It would increase defense and domestic security spending while cutting other programs to bring deficits under control. The two competing proposals were taking separate paths through Congress Wednesday in an election-year showdown contrasting how each party... |
2003 Budget: Largest Increase for Defense in 20 Years
Saturday 19th of May 2012 04:35:31 AM
Posted by admin / Under 2003 V8 Supercar Season
| Republicans in the House of Representatives will unveil details of a fiscal year 2003 budget Wednesday that includes nearly $399 billion for national defense, the largest increase in 20 years. But that budget will not be balanced, or maybe it will. House Budget Committee Chairman Jim Nussle (R-Iowa) says the budgetary commitment to national defense answers a question on the mind of many Americans. "Our country has been attacked and we are at war," Nussle said Tuesday at a press conference to preview the budget. "Americans are asking, 'Is our country safe? Is my family safe?' and our budget answers... |
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