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Only 50 days ago a "balanced" budget was signed. .Today, we are facing a $25.4 billion deficit.
But, in a small way there is good news.
"The real question is what will be done? Some people are operating under the misperception that the passage of Proposition 25 will make it easier to pass a budget at a special session of the legislature scheduled by Gov. Arnold Schwarzenegger in December. You may remember that Proposition 25 changed the required vote for a budget from two-thirds to a majority. But a majority vote to pass a budget will be meaningless inasmuch as it still takes a two-thirds vote to raise taxes."
Remember, we now have Prop.26 added to Prop.13, and Prop 22 to stop the State from stealing redevelopment money from the cities.
The bad news for the GOP is that after Arnold, Jerry Brown will look good.
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But, in a small way there is good news.
"The real question is what will be done? Some people are operating under the misperception that the passage of Proposition 25 will make it easier to pass a budget at a special session of the legislature scheduled by Gov. Arnold Schwarzenegger in December. You may remember that Proposition 25 changed the required vote for a budget from two-thirds to a majority. But a majority vote to pass a budget will be meaningless inasmuch as it still takes a two-thirds vote to raise taxes."
Remember, we now have Prop.26 added to Prop.13, and Prop 22 to stop the State from stealing redevelopment money from the cities.
The bad news for the GOP is that after Arnold, Jerry Brown will look good.
More...