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Calif. Legislature Strikes Last Minute Budget Deal
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| Parent(s) |
Race
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| Contributor | RP |
| Last Edited | RP Sep 01, 2002 06:36pm |
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| Category | General |
| News Date | Monday, September 2, 2002 12:36:10 AM UTC0:0 |
| Description | alifornia's state assembly struck a last minute deal on the state's much-delayed $100 billion budget Sunday, breaking a two-month deadlock that had threatened the nation's most populous state with fiscal chaos.
The $99 billion budget deal, which the state Senate approved and sent to Gov. Gray Davis early Sunday, calls for about $9 billion in spending cuts and about $2.4 billion in revenue increases to plug the $23.6 billion budget deficit California faces this fiscal year. |
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