Schwarzenegger: State Faces Another $10 Billion Shortfall

And you thought California’s financial problems were tackled when the state’s leaders signed off on a budget. Silly rabbit. Governor Arnold Schwarzenegger has warned that an additional $10 billion budget shortfall will probably hit the state this year, forcing him to cut the education budget by between $2 billion and $4 billion. The governor intends to call a special meeting of the state legislature immediately after next week’s elections.

18,632FansLike
0FollowersFollow
67,429FollowersFollow

Newsletter sign-up

eLert sign-up

Oakland
clear sky
48.7 ° F
50 °
47 °
61 %
1.3mph
1 %
Mon
61 °
Tue
63 °
Wed
64 °
Thu
61 °
Fri
57 °