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2009-01-01 — yahoo.com
California Gov. Arnold Schwarzenegger on Wednesday proposed closing a $42 billion budget gap by shortening the school year, borrowing nearly $5 billion, raising the sales tax and tapping the state lottery. But even if legislators agree with proposals to cover the next 18 months, California might run out of cash in February and have to defer some payments and resort to IOUs -- promises to pay source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |