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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (91646)	12/20/2004 1:21:21 PM
From: LindyBill	Read Replies (1) \| Respond to of 793824

I am following this story. California Insider A Weblog by Sacramento Bee Columnist Daniel Weintraub December 20, 2004 No gimmicks? It's very difficult to see how Schwarzenegger can live up to new Finance Director Tom Campbell's pledge of a no-gimmicks budget, erase a projected $8.1 billion shortfall and still not raise taxes. Especially given commitments the governor made last year to K-14 education and university leaders. To get anywhere near accomplishing that goal, Schwarzenegger will have to divert the potential windfall in education spending that is coming from a jump in revenues, hold down higher ed budgets, shift transportation funding to the general fund, and cut $1 billion to $2 billion from the growth in health and welfare spending. If he did all that and spent the final $3 billion left from last year's bond measure (but isn't that a gimmick?) he could probably balance the 2005-06 budget. He would still face another huge problem in 06-07. It is simply amazing how two years of reckless budgeting in 2001 and 2002 are haunting the state for the rest of the decade.