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The Governor has decided to take $130 million from the budget that is spent on parks. Instead he wants to use money from offshore drilling near Santa Barbara. The problem is that this money will never happen--between the legislature and the courts, he will have to pay the $130 million from General Funds. There is a ballot measure to raise car taxes for this money. "Thats a proposed ballot measure which would create an $18-per-vehicle surcharge to raise the $130 million per year needed to support the state park system".
Then you have Arnold taking $4.5 billion in questionable fund transfers-his previous attempts at this has caused California to lose $5 billion in lawsuits, with another $5 billion of loses still to be decided.
He also includes $6.9 billion from the Feds--money the Feds have never agreed to giving--just a number from thin air.
"GOV. ARNOLD Schwarzenegger's proposed budget, which seeks to close a $20 billion deficit over the next 18 months, fails the reality test.
It stipulates $8.5 billion in spending cuts, mostly in already-reduced welfare programs, employs $4.5 billion in legally questionable fund transfers and relies on $6.9 billion in federal money in excess of stimulus funds."
Governor Schwarzenegger has created a budget, that just on the surface has a $12 billion deficit--and that if the revenues are correct.
This does not include paying back the $36 billion deficit we are currently facing, the jobs lost due to AB 32.
California is in a deep Depression--this budget makes it worse--especially when it starts with $12 billion in revenues that will never exist. This is not a Hollywood script, the budget needs to be real.
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Then you have Arnold taking $4.5 billion in questionable fund transfers-his previous attempts at this has caused California to lose $5 billion in lawsuits, with another $5 billion of loses still to be decided.
He also includes $6.9 billion from the Feds--money the Feds have never agreed to giving--just a number from thin air.
"GOV. ARNOLD Schwarzenegger's proposed budget, which seeks to close a $20 billion deficit over the next 18 months, fails the reality test.
It stipulates $8.5 billion in spending cuts, mostly in already-reduced welfare programs, employs $4.5 billion in legally questionable fund transfers and relies on $6.9 billion in federal money in excess of stimulus funds."
Governor Schwarzenegger has created a budget, that just on the surface has a $12 billion deficit--and that if the revenues are correct.
This does not include paying back the $36 billion deficit we are currently facing, the jobs lost due to AB 32.
California is in a deep Depression--this budget makes it worse--especially when it starts with $12 billion in revenues that will never exist. This is not a Hollywood script, the budget needs to be real.
More...