The nonpartisan Legislative Analyst’s Office (LAO) released a new report today about the impact of the federal stimulus plan on California.
The Sacramento Bee reported this morning, that “the state’s nonpartisan fiscal analyst said today that California likely will not receive enough federal stimulus money to avoid higher taxes and deeper spending cuts triggered by the new state budget deal.”
The LAO agreed with “Gov. Arnold Schwarzenegger’s Department of Finance in predicting California government will receive only $8 billion in stimulus funds over the 16 months.”
Click here to continue reading the article.