Tuesday, June 9, 2009

Schwarzenegger promises California budget deal in two weeks

Gov. Arnold Schwarzenegger said Tuesday that the elusive budget deal in California could be resolved within two weeks. But that $24.3 billion budget gap the state is facing is a big one, and it will be difficult for him to find consensus with the Democratic leadership that controls the Legislature.

California has been struggling with the budget for most of Schwarzenegger's almost six years as governor. During a special election last month, California voters turned down a budget package that would have prolonged tax increases, throwing the financial mess back to the governor and Legislature.

The message from the voters was clear -- no more tax increases to solve the budget problem. That means popular social programs, as well as education funding, are on the chopping block.

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