Clear
81.1 ° F
Full Weather
Sponsored By:

Davis Calls for Higher Taxes and Borrowing

Sponsored by:

Governor Davis has released his revised budget calling for higher taxes on cars, tobacco and other products to reduce the state´s growing deficit. Davis says he has made tough choices to slash a deficit that has swelled to $38 billion since he released his initial budget in January.

His revised $96 billion budget plan calls for borrowing $10 billion to finance part of the debt. Davis´ plan also calls for raising more than $8 billion in taxes, including a hike in car fees and a half-cent sales tax increase.

The new proposal faces a fight in the Legislature where Republicans say they will not support any tax hikes. Even though Democrats rule both houses, the budget needs two-thirds approval to become law.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • Fire Info
  • Weather
  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
  • Polls
  • Traffic
  • Media
  • Real Estate
Feedback