Maybe if they sent the illegals home
California in Fiscal Trouble Again
Thursday, November 1, 2007 6:34 PM
By: Lowell Ponte Article Font Size
Arnold Schwarzenegger was swept into the governor's office to replace embattled Gov. Gray Davis in October 2003. Four year later, however, falling tax revenues have forced California to borrow $7 billion just to pay its recent bills
Despite soaring popularity, California Gov. Arnold Schwarzenegger faces a looming budget crisis much like the one that forced the 2003 recall of his predecessor and brought the former actor and bodybuilder to power.
Schwarzenegger was swept into the governor's office to replace embattled Gov. Gray Davis in October 2003 with the promise that he'd reduce debt and "tear up the state's credit card." Four years later, however, falling tax revenues have forced the state to borrow $7 billion just to pay its recent bills.
In the three months ended Sept. 30, the state has spent $10.2 billion more than it received in taxes and fees, according to state officials. The annual shortfall is expected to be between $6 billion and $9 billion.
Thursday, November 1, 2007 6:34 PM
By: Lowell Ponte Article Font Size
Arnold Schwarzenegger was swept into the governor's office to replace embattled Gov. Gray Davis in October 2003. Four year later, however, falling tax revenues have forced California to borrow $7 billion just to pay its recent bills
Despite soaring popularity, California Gov. Arnold Schwarzenegger faces a looming budget crisis much like the one that forced the 2003 recall of his predecessor and brought the former actor and bodybuilder to power.
Schwarzenegger was swept into the governor's office to replace embattled Gov. Gray Davis in October 2003 with the promise that he'd reduce debt and "tear up the state's credit card." Four years later, however, falling tax revenues have forced the state to borrow $7 billion just to pay its recent bills.
In the three months ended Sept. 30, the state has spent $10.2 billion more than it received in taxes and fees, according to state officials. The annual shortfall is expected to be between $6 billion and $9 billion.
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Who they?
WE?0 -
YOU !!
D.0 -
Half of that article was repeated WITHIN the article.... Reporters and editors are stupid. 0 -
Not me! I'm living on corn meal and beans....[:(!]
rider0
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