Governor to announce tough budget cuts today
May 14, 2010
Gov. Arnold Schwarzenegger is unexpected Friday afternoon to unveil his latest proposals for closing the multi-billion dollar budget gaps–the emphasis is expected to be on deep budget cuts and elimination of key programs. [Los Angeles Times]
Administration spokesperson Aaron McLear provided few specifics about the governor’s announcement, other than to indicate no new tax increases would be included, but that the spending plan contained “absolutely terrible cuts.”
Observers expect cuts in funding for public schools to be announced. Other likely programs targeted include in-home healthcare for the elderly and disabled, welfare and other social services. The only area expected to get more money is higher education.
California currently faces an $18.6 billion shortfall, which amounts to roughly 20 percent of its general fund spending. The governor and the state Legislature have until June 30 to agree on a new budget, though that deadline has been missed in past years.