:: blame the extended gestation.... ::

:: Saturday, November 15, 2003 ::

California Insider - $62 billion

And so, if Schwarzenegger is somehow going to balance the budget while cutting the car tax and increasing no other taxes, he must cut $4 billion, or about 5 percent, from this year’s spending (with half the year already gone), and then freeze spending for the following year. But programmed spending, absent any changes in law, is already projected to rise on its own to $87 billion in the fiscal year that begins July 1. So he must cut $14 billion, or 16 percent, from that number. And if he is going to leave untouched school spending dictated by Proposition 98, he must cut his $14 billion from $56 billion, which is the projected spending for the non-education part of the budget. That’s a reduction of 25 percent.

:: Jim Nichols 11/15/2003 08:22:00 PM [+] ::
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