State staggers into new fiscal year with no solution on the horizon (women and children hardest hit)
Posted by admin / Under 2003 Canadian Figure Skating Championships
<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>
Published on Tuesday 22nd of May 2012 11:42:34 PM
On grim realities and escapismRethinking Proposition 13
Posted by admin / Under 2003 Canadian Figure Skating Championships
<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>
Published on Tuesday 22nd of May 2012 11:42:34 PM
(CA) Lawmakers say earlier patch job set stage for current plan (games with CALPERS)
Posted by admin / Under 2003 Canadian Figure Skating Championships
<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>
Published on Tuesday 22nd of May 2012 11:42:34 PM
Davis slices $21 billion in spartan budget plan-...would reduce state spending to pre-'99 level
Posted by admin / Under 2003 Canadian Figure Skating Championships
<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>
Published on Tuesday 22nd of May 2012 11:42:34 PM
Cities, counties reel under Davis proposal-State budget fixes gut local services, they say
Posted by admin / Under 2003 Canadian Figure Skating Championships
<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>
Published on Tuesday 22nd of May 2012 11:42:34 PM
2003 Budget Completes Big Jump in Spending
Posted by admin / Under 2003 Canadian Figure Skating Championships
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...
Published on Tuesday 22nd of May 2012 11:42:34 PM
Senate Democrats Push 2003 Budget
Posted by admin / Under 2003 Canadian Figure Skating Championships
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...
Published on Tuesday 22nd of May 2012 11:42:34 PM
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