The LA Time reported this morning that the California Legislature voted “Friday to send Gov. Arnold Schwarzenegger the final measures needed to resolve the budget deadlock that had dragged on a record 81 days past the start of the fiscal year.”
The budget provides funding to “education and social services than last year, but not enough to avoid cutbacks in schools, healthcare facilities and payments to the disabled, elderly and blind.”
But, the budget does not include any new taxes. The “Republicans rejected assertions from Democrats and Schwarzenegger that the state needs to raise more revenue to ensure long-term fiscal stability.”
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