Home About Chat Users Issues Party Candidates Polling Firms Media News Polls Calendar Key Races United States President Senate House Governors International

New User Account
"A historical political resource." 
Email: Password:

  [Bill] Lockyer's prescription to cure budget woes
Parent(s) Candidate 
Last EditedPatrick  Oct 03, 2007 09:51pm
Logged 0
MediaNewspaper - Sacramento Bee
News DateThursday, October 4, 2007 03:00:00 AM UTC0:0
DescriptionCalifornia's lead banker suggested cutting off billions of dollars to the state's premier higher education system -- the University of California -- in an attempt to provoke talk on how to get its fiscal house in order.

The idea was just one of many state Treasurer Bill Lockyer put forth but didn't specifically endorse Monday as he released a required assessment of the state government's financial outlook for the next 20 years.

"The best I can do is lay out a menu and hope that it will at least be (catalytic) and hope there's a robust discussion among leaders," Lockyer said about the State of California Debt Affordability Report. "They need to make some decisions. They aren't easy choices, I understand that, but they've just got to make some decisions."

The report offered ways state leaders can keep the state budget balanced while meeting the needs of a growing population over the next two decades. Currently, the state has an infrastructure of schools, roads, housing and water systems built to serve 25 million residents. Yet the population is expected to reach nearly 50 million in two decades.
ArticleRead Full Article

Date Category Headline Article Contributor