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Davis Will Release Budget Today

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Governor Davis is set to release his revised May budget today.

Capitol sources say Davis will propose solving California´s budget crisis through a combination of new taxes, program cuts and borrowing. The budget calls for a much-anticipated increase in the car tax as well as a half-cent increase in the state sales tax.

The new budget plan, expected to total about $100 billion, is also expected to include billions of dollars in service cuts to eliminate a cash shortfall estimated to grow to $35 billion over the next 15 months.

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

Popular Pages

  • Local News
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  • Dining Guide
  • Classifieds
  • Events
  • Movies
  • Tourism
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  • Media
  • Real Estate
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