Posts Tagged ‘California State Legislature’

California’s latest budget crisis

Experts projected California would have budget deficits of more than $35 billion, requiring massive budget cuts and tax increases.  The Governor proposed $17 billion in program cuts and $8.3 billion in tax increases.  Education programs faced over $2.7 billion in cuts with proposed additional cuts of $5.2 billion. 

In a recall petition, the governor was accused of “gross mismanagement of California’s finances by overspending taxpayers’ money and by cutting funds to local governments.”  Are these the statistics of California’s current financial crisis?  No.  These program cuts and tax hikes are from 2003 when Governor Gray Davis was in office and facing a recall election.